Not to put too fine a point on it, but Iraq will be a client state of the US. This was always the PNAC plan. That’s why we built the giant embassy. We are never leaving, and we were never supposed to leave. Note how they couch all this as a new development, emerging from the fog of war…progress.

President Bush on Monday signed a deal setting the foundation for a potential long-term U.S. troop presence in Iraq, with details to be negotiated over matters that have defined the war debate at home — how many U.S. forces will stay in the country, and for how long.

The agreement between Bush and Iraqi Prime Minister Nouri al-Maliki confirms that the United States and Iraq will hash out an “enduring” relationship in military, economic and political terms. Details of that relationship will be negotiated in 2008, with a completion goal of July, when the U.S. intends to finish withdrawing the five combat brigades sent in 2007 as part of the troop buildup that has helped curb sectarian violence.

[snip]

The proposal underlines how the United States and Iraq are exploring what their relationship might look like once the U.S. significantly draws down its troop presence. It comes as a Democratic Congress — unsuccessfully, so far — prods Bush to withdraw troops faster than he wants.

It’s miraculous how this will all get ironed out just before the US elections. And all this time Bush has been complaining about timetables, but now they don’t seem so bad.

Two senior Iraqi officials familiar with the issue say Iraq’s government will embrace a long-term U.S. troop presence in return for U.S. security guarantees as part of a strategic partnership. The two officials, who spoke on condition of anonymity because the subject is sensitive, said U.S. military and diplomatic representatives appeared generally favorable, subject to negotiations on the details, which include preferential treatment for American investments.

Preferential treatment for U.S. investors could provide a huge windfall if Iraq can achieve enough stability to exploit its vast oil resources. Such a deal would also enable the United States to maintain leverage against Iranian expansion at a time of growing fears about Tehran’s nuclear aspirations.

[snip]

“The basic message here should be clear: Iraq is increasingly able to stand on its own; that’s very good news, but it won’t have to stand alone,” said Lute, who rarely holds televised briefings.

He said it is too soon to tell what the “shape and size” of the U.S. military commitment will look like, including military bases.

The Iraqi officials said that under the proposed formula, Iraq would get full responsibility for internal security and U.S. troops would relocate to bases outside the cities. Iraqi officials foresee a long-term presence of about 50,000 U.S. troops, down from the current figure of more than 160,000.

I’m sure the Iraqi people won’t mind living in a puppet state so that the US can control their natural resources, meddle in the region from the comfort of their giant military base and embassy, and enable greedy investors to siphon off whatever remaining Iraqi wealth may still exist.