The withdrawl portion of the bill doesnt come into effect until Sept 2008, a year and half away. With so many Americans already at odds with this war as it is, this will look very bad for Bush if he vetos it. He would be saying, very clearly, that he has zero intention of leaving Iraq any time soon & presumably casting serious doubts as to whether we will ever leave.
While there is no explanation of what 'victory' would be, this is a glaring admission of nation-building & permanent bases. Bin Laden & Al Qaeda were extremely anxious to get the US military presence out of Saudi Arabia...if our presence is able to move to Iraq, they not only see their wishes fulfilled re: Saudi Arabia but also get an unstable breeding ground in Iraq anyway, a rallying point for global terrorism, and the continued neglecting of Afghanistan. An incredible fumble by this Administration on par with nothing in our history. This is the result of big govt naievety at the helm of our military.