Word: iraq
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...smell something funny in fiscal instruments with names like "credit-default swaps," but when you work on Wall Street and people call you a "master of the universe," you think you can make the things pay off. Even nonpartisans would agree that George W. Bush waded into the Iraq mess with more certainty than strategy. And Bill and Hillary Clinton might actually have achieved health-care reform if they had tried negotiating with the opposition instead of steamrolling it. (See George W. Bush's biggest economic mistakes...
...what they would be asked to reconcile much less considered, given the balance of power on the ground, what the U.S. and its Afghan allies would have to concede in order to get a deal that would make a difference. The model for Obama's suggestion, of course, is Iraq, where the U.S. managed to pacify Anbar province by recruiting most of the local Sunni sheiks, who had previously been part of the insurgency, to wage a common fight against al-Qaeda. But Obama admitted that the Iraq strategy is hardly an easy fit. "The situation in Afghanistan...
...Indeed, far more of a challenge than Obama even acknowledged. Al-Qaeda in Iraq was led by foreign jihadists, making it easier for the U.S. to turn locals against the organization, particularly when they chafed under al-Qaeda's imposition of strict Islamic law. But in Afghanistan - particularly in the south, where the insurgency is strongest - the militants are natives. In Iraq, an established and functioning government could offer sheiks who switched sides a credible alternative center of power, whereas in Afghanistan, the government is generally perceived to be corrupt, weak and unable to provide security. In Iraq, moreover...
...book fiasco seemed like yet another instance of bad timing on Dodd's part. After all, being chairman of the Senate Banking Committee gave him little street cred in the 2008 primaries, when the big issue was still the war in Iraq. These days his chairmanship reminds voters of Dodd's problems with Countrywide, and fairly or not, it makes him the face of two deeply unpopular bailouts of Wall Street and an only slightly less unpopular stimulus plan. All of which may explain why Dodd is spending so much time on the Health, Education, Labor and Pensions Committee these...
...third anniversary of America's invasion of Baghdad, TIME set out to record the "Voices of Iraq...