Bush Plan for Middle East Peace

President Bush delivered his much anticipated speech on the Middle East this afternoon.

The Bush Administration has been divided over plans for the Middle East. Defense Secretary Donald Rumsfeld and Vice President Dick Cheney have pushed for the President to avoid creating a clear timeline for Palestinian statehood.

Secretary of State Colin Powell has argued that a timeline is strategically necessary to give hope for the Palestinians.

This hour, will Bush's words open the door to a new peace in the Middle East? Or is it just diplomatic talk, leading to no real changes?

Guests:

Bill Quandt, Professor of Government and Foreign Affairs at the University of Virginia, and author of "The Algerian Crisis: Policy Options for the West" and "Peace Process: American Diplomacy and the Arab-Israeli Conflict since 1967"

Fawaz Gerges, Professor of International Affairs and Middle Eastern Studies at Sarah Lawrence College in New York and author of the forthcoming book "The Islamists and the West"

David E. Sanger, White House Correspondent for The New York Times