World stock markets applauded the sooner-than-expected U.S. handover to Iraq. Energy prices fell significantly. Former Coalition Administrator Paul Bremer immediately took the next plane out of town. Things are looking up. Wasn’t it Sinatra who sang “love is lovelier the second time around”?
Quoting from the Bayonne, New Jersey crooner is not as far fetched as one might think. Here is market strategist Barry Ritholtz on the surprise handover decision:
“The Neo-Conservative hawks who pressed for the invasion of Iraq failed to create an adequate strategy for a post-war period. This created an opportunity for insurgents to cause havoc and mayhem. With the handover to the Iraqi Ruling Council a few days early, the planners have gotten one right for a change.”
Speaking to National Public Radio, U.S. Deputy Secretary of State Richard Armitage talked about the benefit of “somehow confusing the [terrorists’] plans, or what we believe are plans, to disrupt the proceedings.” Ah, we are learning. The second time around.
It is lovelier the second time around
Cornering the Campaign Market
National Review, June 29, 2004, 9:20 a.m.