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Answer: False. At least according to NEWSWEEK columnist Fareed Zakaria. A must-read excerpt from his contribution to this week's "Big Ideas" edition of the magazine:

America (and before it, Britain) has felt it was "at war" when the conflict threatened the country's basic security—not merely its interests or its allies abroad. This is the common-sense way in which we define a wartime leader, and by that definition the politicians in charge during World Wars I and II—Wilson, Lloyd George, Roosevelt, Churchill—are often described as such. It's not a perfect definition. The United States has been so far removed from most conflicts that even World War I's effects could be described as indirect (incorrectly in my view). But it conjures up the image of a threat to society as a whole, which then requires a national response.

By any of these criteria, we are not at war. At some level, we all know it. Life in America today is surprisingly normal for a country with troops in two battle zones. The country may be engaged in wars, but it is not at war. Consider as evidence the behavior of our "war president." Bush recently explained that for the last few years he has given up golf, because "to play the sport in a time of war" would send the wrong signal. Compare Bush's "sacrifice" to those made by Americans during World War II, when most able-bodied men were drafted, food was rationed and industries were commandeered to produce military equipment. For example, there were no civilian cars manufactured in the United States from 1941 to 1945.

Of course, there are people, including Bush, who would argue that we are at war even in this deeper sense. In its June 23 issue, Fortune magazine asked Sen. John McCain what the gravest long-term threat to the U.S. economy was. He took a while to answer—an 11-second pause, by Fortune's count—but then said, "Well, I would think that the absolute gravest threat is the struggle that we're in against radical Islamic extremism, which can affect, if they prevail, our very existence."

It is by now overwhelmingly clear that Al Qaeda and its philosophy are not the worldwide leviathan that they were once portrayed to be. Both have been losing support over the last seven years. The terrorist organization's ability to plan large-scale operations has crumbled, their funding streams are smaller and more closely tracked. Of course, small groups of people can still cause great havoc, but is this movement an "existential threat" to the United States or the Western world? No, because it is fundamentally weak. Al Qaeda and its ilk comprise a few thousand jihadists, with no country as a base, almost no territory and limited funds. Most crucially, they lack an ideology that has mass appeal. They are fighting not just America but the vast majority of the Muslim world. In fact, they are fighting modernity itself...

We are in a struggle against Islamic extremism, but it is more like the cold war than a hot war—a long, mostly peacetime challenge in which a leader must be willing to use military power but also know when not to do so. Perhaps the wisest American president during the cold war was Dwight Eisenhower, and his greatest virtues were those of balance, judgment and restraint. He knew we were in a contest with the Soviet Union, but—at a time when the rest of the country was vastly inflating the threat—he put it in considerable perspective. Eisenhower refused to follow the French into Vietnam or support the British at Suez. He turned down several requests for new weapons systems and missiles, and instead used defense dollars to build the interstate highway system and make other investments in improving America's economic competitiveness. Those are the kinds of challenges that the next president truly needs to address.

In a sense, the warriors are pessimists. In the old days they were scared that communists would destroy America. Today they rail that Al Qaeda and Iran threaten our way of life. In fact, America is an extremely powerful country, with a unique and extraordinary set of strengths. The only way that position can truly be eroded is by its own actions and overreactions—by unwise and imprudent leadership. A good way to start correcting the errors of the past would be to recognize that we are not at war.

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