Wall St was down 94 overnight, its biggest fall in a month, while the local market is down 66.
Surge working well? Let’s look at the facts…
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In The Australian today, the top US commander in Iraq, General Petraeus, explains that the surge is working well. For the Oz, this remarkable scoop (“General declares self a success”) warrants a separate section, handily headed “comment” (and you do need such labels) in which Dennis Shanahan explains that the good news from Iraq will “hit home”, bringing joy to Howard and presenting Labor with a “much tougher policy choice.” If wishes were horses, Shanahan would be galloping around Randwick. Here’s some actual figures, compiled by the Associated Press:
These facts were released all of a week ago, so perhaps digging them out for an interview with General Petraeus would have entailed too much research. As luck would have it, though, the Oz’s peppy stories today coincide with the leak of a progress report requested by Congress from the Government Accountability Office. It finds that:
What’s nearly as interesting is the rationale behind the leak: “The person who provided the draft report to The Post said it was being conveyed from a government official who feared that its pessimistic conclusions would be watered down in the final version.” You mean the report might be manipulated for political reasons? Well, colour me dumbfounded! In any case, all this is beside the point. As Fred Kaplan argues in Slate, even if the surge were working (and it’s not), it simply can’t be sustained. By about April, the Americans will no longer have enough troops. Continuing past then would involve either extending (once again) the rotations of serving soldiers, calling up the entirety of the reserves (which they didn’t dare do even in Vietnam), convincing other nations to send troops (good luck with that!) or introducing a draft. So if, like the Australian, you see the Iraq occupation simply in terms of partisan political advantage, well, let’s just say there’s not much here for Howard. The real story, of course, is the misery of the Iraqis. And for that, as the US plunges deeper into the quagmire, there’s no end in sight. |
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