Because the
Commander in Chief doesn't care enough to see to it that he's captured once and for all.
Besides -- how do I put this delicately? -- as long as bin Laden is attacking targets in other countries, Bush is an indirect benficiary of his ongoing high-profile survival. In other words, bin Laden is actually good for business because without a monster like that whipping up fear, Bush's job just got a whole lot harder.
We already know that the reverse is true: Bush has actually been good for bin Laden's business, too -- passions are high, recruitment is up.
Both sides need an enemy to maintain power.
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