This Financial Times piece seems to have it about right. The exit strategy seems to be to blame the Iraqis for not establishing a real government after we so graciously invaded, then use that as an excuse to get out. We were right, the Iraqis are just not worthy of us.
It is a consensus that was crystallised last week by the Iraq Study
Group, which called on Mr Bush to withhold US assistance from Baghdad
unless it made progress on fulfilling a long list of US-imposed
“milestones”. It is also shared by many senior officials in the Bush
administration, which had already drawn up an earlier list of
milestones for Mr Maliki. “You could call it ‘blame and run’, ”
said Zbigniew Bzrezinski, a former national security adviser now at the
Centre for Strategic and International Studies. “It is based on a
pervasive illusion that there is such a thing as an Iraqi government.
The more we blame it for doing things it cannot do, the more impotent
it will become. ‘Blame and run’ is self-fulfilling.”
5:30:25 PM 
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