Brad DeLong highlights a Tom Friedman column that advocates immediately moving into the Israeli-Palestinian situation and forcing Israel's withdrawl.
Let's put a few facts down: First, we spend around $200 Billion and 500 soldier's lives so we can capture Saddam Hussein (there doesn't seem to be any other reason for the war, that was given before the war, that's held up).
Second, we spend aroun $4 Billion a year on aid for Israel, mostly in the form of military aid.
Third, the burn rate for cash in Iraq is around $4 Billion a month.
Fourth, building a Palestinian economy from the ground up would probably cost less than $10 Billion, and it might be a lot less than that. And that's presuming we'd see no long term assets or returns.
Fifth, the primary reason that Palestinians object to the fence is that their economy would be destroyed.
Sixth, the single most significant justification given for Islamic hatred of the US is its support of Israel at the expense of the Palestinian people.
If you add all that up, you realize that instead of throwing all that cash away in Iraq blowing shit up so we can have a theocracy there, we could have forced the creation of the wall between Palestine and Israel, made our aid to Israel contingent on acceptance of our designation of the line's path, and then rebuilt the Palestinian economy by investing an amount equal to the Israeli aid directly behind the wall.
Taking a page from Irshad Manji, we could have used micro-loans to jumpstart the businesses, and we could have specified that fully 50% of those loans must be made to women.
What does all this achieve? It puts significant economic power in the hands of women, which directly counters the stupidest and most pathetically mysoginistic parts of what purports to be Islam in the Palestinian territorires. It gives both sides peace and security. It gives the Palestinians something to do, and a way to feed their families. It will also significantly improve America's standing around the globe, and particularly in Islamic countries.