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Juan Cole's plan for Iraq: the US announces it's withdrawing but sticks around to help negotiate a settlement. To be sung to the tune of "It's Getting Better" or "I Whistle a Happy Tune."
Saudi Arabia's King Abdullah has credibility with Iraq's Sunnis, especially now that he has denounced the US occupation as illegitimate. They could trust his representations, which would include Saudi development aid in places like Anbar province. Since the Sunnis are the main drivers of violence in Iraq, it is they who must be mollified, bribed, cajoled and threatened into a settlement. The Shiites will have to demobilize the Mahdi Army and Badr Organization as well, and Iran will have to commit to working with the Maliki government to make that happen. A UN peacekeeping force, perhaps with the OIC (where Malaysia recently proffered troops), would be part of the solution.And bunnies and kittens will scamper through the fields...
On the basis of a settlement at Taif II, the US military should then negotiate with provincial authorities a phased withdrawal from the Sunni Arab provinces. The Sunnis will have to understand that this departure is a double-edged sword, since if they continued their guerrilla war, the United States could not protect them from Kurdish or Shiite reprisals. Any UN or OIC presence would be for peacekeeping and could not be depended on for active peace-enforcing. The rewards from neighbors promised at Taif II should be granted in a phased fashion and made dependent on good-faith follow-through by Iraqi leaders.
From all this the Sunni Arabs would get an end to the US occupation--among their main demands--as well as an end to de-Baathification and political marginalization. They would have an important place in the new order and be guaranteed their fair share of the national wealth. Shiites and Kurds would get an end to a debilitating civil war, even if they have to give up some of their maximal demands. The neighbors would avoid a reprise of the destructive Iran-Iraq War of the 1980s, which killed perhaps a million people and deeply damaged regional economies. And by ending its occupation, the United States would go a long way toward repairing its relations with the Arab and Muslim world and thus eliminate one of Al Qaeda's chief recruiting tools. A withdrawal is risky, but on the evidence so far, for the US military to remain in Iraq is a sure recipe for disaster.
Why in the world would the Iraqis ever trust the US government to handle this? They don't want to be plundered and exploited by stateless capital any more than the rest of us do.