Most of the things bin Laden says in the statement are true, however, and cant be dismissed out of hand because some portray him as a "bloodthirsty lunatic", etc. His words fall on very receptive ears across a large part of the world, and his band have taken on a sort of Robin Hood-ish pale versus the U.S. bumbling sheriff of nottingham. The admiration he receives even among moderate Muslim states and populations is openly talked about in many cities of the world, and he does have good points about American imperialism and hubris.

We shouldn't dismiss his words as propaganda; to do so is folly as much as believing our own propaganda is.