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The USS Cole is a $1 billion high-tech missile warship. But it was no match for a rubber dinghy manned by two Arabs. The explosive-laden dinghy severely damaged the Cole and inflicted 56 casualties (17 dead, 39 injured) on a once-proud U.S. Navy.

The attack on the Cole showed a "great deal of sophistication," declared Richard Clarke, a top U.S. security official with the grand title of National Coordinator for Security, Infrastructure Protection and Counterterrorism. On "60 Minutes" last Sunday, Mr. Clarke said the rubber dinghy attack was so sophisticated the U.S. is absolved of any suspicion of intelligence failure.

Listening to Mr. Clarke, one got the …