What would you expect that he do? I suspect that if he had jumped into action right away, people would be saying that he had knowledge of it beforehand and played his part as planned. Besides, I'd prefer that he stay calm and form a strategy (insert "dumb Bush" joke here) before going ahead and doing some irrational. People will spin anything to support their cause.
P.S. I don't support Bush, but I don't think it's right to speculate about anything that you don't have the facts to. That doesn't mean you just sit back and don't do anything, but that you keep searching for the truth so that you can make informed decisions and opinions.
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