From Josh Marshall:
Think of the president as a failed or deadbeat entrepreneur (again, not such a stretch) who's already lost his investors a ton of money. He goes back to them and says, 'Okay, fine. You think I'm a moron and a screw-up who lost you guys a ton of money. Fine. But do you really want to finally, totally, conclusively kiss that $300 billion goodbye. You wanna just totally call it quits? Admit it's a total loss? What about giving me just another $10 billion and maybe somehow I'll actually pull this off?..."
In this way, paradoxically, the very magnitude of the president's failure has become his tacit ally. It's just such a big thing to come to grips with. And reinvesting in the president's folly, even after any hope of recouping the money is gone, carries the critical fringe benefit of sustaining our own collective and increasing threadbare denial.
But President Bush's interests are not the same as the country's. He's maxed out, in for 100%. If Iraq is a failure, a mistake, then the same words will be written right after his name in the history books. A country, though, can take missteps and mistakes, course corrections and dead ends, and move on. We've done it before and we'll do it again.
But President Bush can't and won't withdraw from Iraq because when he does, under the current conditions, he'll sign the epitaph, the historical death warrant for his presidency. Unlike in the past there are no family friends to pawn the failure off on and let them take the loss. It's all his. So he'll keep kicking the can down the road forever.