October 7, 2005

MICHAEL BARONE posts an analysis of Bush’s National Endowment for Democracy speech. Plus, progress on the Iraqi Oil Trust idea: “And once Iraqis begin receiving payments for their share of oil profits, how long will it be for Saudis and Iranians to demand the same?”

UPDATE: Gateway Pundit notest that Bush and Al Qaeda seem to agree about what’s at stake in Iraq.

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