The Texas Strategy

Paul Krugman writes: "Hundreds of news articles and opinion pieces have described President Bush's decision to escalate the Iraq war as a 'Hail Mary pass.' But that's the wrong metaphor. Mr. Bush isn't Roger Staubach, trying to pull out a win for the Dallas Cowboys. He's Charles Keating, using other people's money to keep Lincoln Savings going long after it should have been shut down - and squandering the life savings of thousands of investors, not to mention billions in taxpayer dollars, along the way."

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