Kudlow’s Money Politics

An Unfortunate Wager

John Fund delivers yet another cogent column this morning, arguing that the Dems keep betting on failure in Iraq.”

“…Not every Democrat believes there’s no progress in Iraq. Democratic strategist Bob Beckel, who managed Walter Mondale’s 1984 campaign, had the honesty to tell Fox News Channel last Friday: “Yes, we’re winning, but we’re not winning fast enough.” Imagine what would have happened if in the middle of the fight against Nazi Germany and Imperial Japan, Franklin Roosevelt had been accused of not rolling back the Axis fast enough. Mr. Beckel went on to conclude “This war is just–it’s stupid politics.”

…If President Bush has staked the future of his administration on the outcome in Iraq, Democrats appear to have placed their political bets on the war continuing to go badly. Given the death of Zarqawi, the formation of a unity government in Baghdad, and possible developments in the search for WMD material, that is starting to look like a risky wager.

Democrats might recall they made similar bets that they could win the political debate over Iraq in both 2002 and 2004. They lost both times, and last week’s Iraq debate in Congress shouldn’t give them confidence that they have any better approach in this election year.”

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