The current U.S. presence is only one source of instability. It also provides a certain amount of stability. Leaving Iraq would remove one cause of instability, but leave the country less able to deal with the chaos caused by a power vacuum. Despite this, it's very possible that the U.S. will soon exit the country. If we indeed believe that it's all going to Hell, we don't want to lead a futile battle against the ensuing chaos that would only serve to further undermine U.S. power, a la Vietnam.
Originally Posted by wheelchairman
In fact, we might actually view the election as a great exit strategy. If the Iraqis end up electing an anti-American leader who called for the U.S. to leave, we'd be thankful for a chance to split and leave Iraq to collapse upon itself until another strongman comes to power. I see this as one possible outcome.
“It is a strange paradox that today’s central banks are generally staffed by economists, who by and large profess a belief in a theory which says that their jobs are, at the best, unnecessary, and more likely wealth-destroying. Needless to say, this is not a point widely discussed among respectable economists. Nevertheless, it is an issue worth pondering.”
George Cooper, The Origin of Economic Crises