BUSH ANNOUNCES THE OIL TRUST:

To give every Iraqi citizen a stake in the country’s economy, Iraq will pass legislation to share oil revenues among all Iraqis.

At least, that’s what it sounds like. A bit late, but perhaps not quite too late. That goes for most of the speech (we’re doing something about Iran and Syria? About freaking time.) But why did he wait so long to do these things that lots of people — bloggers, too — have been calling for for years? “Compassionate warmaking?”

More thoughts on Bush’s new strategy here.

MORE: Compassionate warmaking can backfire.

The additional troops are nice, I guess, but I think it’s the shift in tactics — if followed through on — that will really make the difference. As I’ve noted before, the problem has been our inaction with regard to Iran, etc. Sounds like that’s going to change, but we’ll see — Bush’s inaction on Iran has been bothering me for some time.