A sober reassessment of the American capacity to deal with the Iraqi dilemma is years overdue. Many opportunities have been missed, but it is not too late to avoid the threat of large-scale warfare and the use of weapons of mass destruction that still may lie ahead. Even short of such dreadful events, there is a clear danger of major regional upheavals that could affect the world economy and undermine American leadership. Here I will lay out in summary what I believe our options are, the chances of success of each one, and the cost of trying to implement it.
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