February 24th, 2001: Powell Admits Saddam, "has not developed any significant capability with respect to weapons of mass destruction"
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Powell: "He (Saddam) has not developed any significant capability with respect to weapons of mass destruction. He is unable to project conventional power against his neighbors. So in effect, our policies have strengthened the security of the neighbors of Iraq, and these are policies that we are going to keep in place, but we are always willing to review them to make sure that they are being carried out in a way that does not affect the Iraqi people but does affect the Iraqi regime's ambitions and the ability to acquire weapons of mass destruction, and we had a good conversation on this issue."
Full transcript: http://www.state.gov/secretary/rm/2001/933.htm
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