Secretary of State Condoleezza Rice is already speculating on troop withdrawals beginning in 2006. Secretary of Defense Donald Rumsfeld says that troop levels will be determined by the military commanders, giving him cover from possible charges of retreat. Vice President Cheney began running this game plan last Spring already, when he confidently reported that the insurgency was in its "last throes." He was too early and the insurgents didn't cooperate, but expect him to try this line again in Spring, 2006.
So, there won't be any showdown on Capitol Hill between Congress and the White House. The troops will begin to come home. Remaining troops will move into a support role. The Shiites will be given more latitude to suppress the Sunnis. The Administration will portray this as Iraqis taking the lead in the war on terror, not as a worsening civil war. So long as the White House can announce, every so often, another drawdown of troops, Congress and the American people will be appeased.
In short, the President didn't announce a war strategy so much as a political strategy. Now, if the insurgents just cooperate and provide a decent interval for the Americans to depart, Bush can have his victory and the insurgents can eventually have their country. And everyone else can argue for a generation whether it was worth it.
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