Glenn Greenwald thinks so. Jane Hamsher concurs. Me? It would be military and economic insanity, but, after all, we are talking about the administration that brought us Iraq, messed up Katrina, and tortures people for no particularly good reason. And certainly Glenn Greenwald is right - the Democrats are supine before the Bush administration, apparently unable to even stand up to, let alone check, a President with an under 30% approval rating, on an issue where the majority of Americans agree with them (that would be ending the Iraq war). Having given Bush his last request for money; having given Bush FISA; having passed a resolution saying Iran is committing acts of war against the US, and being about to give Bush another 50 Billion dollar appropriation (in case you're curious, Bush is getting more money from the war now that Congress is controlled by Dems than when the Republicans controlled it - which suggests, as Hamsher notes, that this money isn't for Iraq, it's for the Iran war), it's hard but to come to the conclusion that Bush is completely in control and the go/no-go decision is completely in his hands.
Repeatedly we have heard that Bush believes he must attack Iran because they are evil, and no other President would dare do it, so if he doesn't, it'll never get done. There's been a substantial air and naval build-up in the region as well. Israel is threatening, sotto-voce, that if the US doesn't attack they will (to which the response should be "go ahead, but if you do, you're on your own, including in the Security Council") and a prohibition on attacking Iran was taken out of a House bill at the threats of pro-AIPAC congressmen.
We've heard this many times - in 2004, 2005, 2006, and now today - that Bush will attack, and he never has. Wolf has been cried so often that it seems unthinkable that this time it could happen. But other than the fact that attacking Iran would be crazy there really isn't any reason for George Bush not to do so. No one who might be able to stop him, will.
So, in the American system, where apprently the President is monarch, it all comes down to reading the tea leaves on what the King thinks and what his most trusted courtiers are saying. That's hard to read, though there are at least some indications that the influence of the faction that doesn't want war (roughly Condi/Gates/Paulson) is on the decline after increasing earlier this year, while that of the faction that does want war (the Cheney camp) is on the rise.
Take it as you will, I come down, tentatively, on the side that says war - only because of my long-standing and so far trustworthy 1st Rule of Bush: no matter how bad you think it is, it's always worse. Rule 2, of course, is that rule 1 applies applies even when you think you've taken Rule 1 into account.