Failed Iraq Policy?

One of Bush's arguements for being in Iraq is the flypaper theory (because of our invasion of Iraq, the terrorist are attracted there to fight us instead of going elsewhere to wreck havoc). It is difficult not to raise the question: Do the bombings in London this morning indicate that the flypaper is not working? That our policy (at least the flypaper part of it) is not working?

Inquiring minds want to know .....