New York Times columnist Paul Krugman says the “surge” is a con job:
During the savings and loan scandal of the 1980s, people like [Charles] Keating kept failed banks going by faking financial success. Mr. Bush has kept a failed war going by faking military success.
The “surge” is just another stalling tactic, designed to buy more time.
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But the real point of the racket was a form of looting: as long as they could keep reporting high paper profits, S.&L. owners could keep rewarding themselves with salaries, dividends and sweetheart business deals.
Mr. Keating paid himself a million dollars just weeks before his holding company collapsed.
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Now Mr. Bush has grudgingly sort-of admitted that things aren’t going well — but he says his “new way forward” will fix everything.
So it’s still the Texas strategy: the war’s architects are trying to keep their failed venture going as long as possible.
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Escalation won’t bring victory in Iraq, but it might bring defeat in Afghanistan, which the administration will continue to neglect. And it has pushed the military to the breaking point.
Mr. Bush calls his critics “irresponsible,” saying that they don’t have an alternative to his strategy. But they do: setting a timetable for withdrawal, so that we can cut our losses, and trying to save what can be saved. It isn’t a strategy for victory because that’s no longer an option. It’s a strategy for acknowledging reality.
The lesson of the savings and loan scandal was that when a bank has failed, you shouldn’t let the owner string you along with promises — you should shut the thing down. We should do the same with Mr. Bush’s failed war.
Bush is a con man, and it’s time to shut down his racket.
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