CACHE & CARRY… More nightmarish Bush administration incompetence. According to today’s New York Times, 380 tons of very high explosives, of a kind favored by terrorists and insurgents, has gone missing in Iraq. The IAEA, which once monitored the site where the explosives were stored, repeatedly warned the Americans to keep watch over it, but apparently we didn’t (not enough troops). Now, sources tell Josh Marshall, those explosives are probably being used in IEDs (improvised explosive devices) against our own troops.

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Paul Glastris is Editor in Chief of the Washington Monthly, founder of the magazine’s alternative college rankings, and president of the Washington Monthly Institute. He was previously a speechwriter for President Bill Clinton and a correspondent and editor at U.S. News and World Report. He is a co-founder of the National Vote at Home Institute and co-author of two books, “The Other College Guide: A Roadmap to the Right School for You,” and “Elephant in the Room: Washington in the Bush Years.” He has written for The New York Times, The Washington Post, The New Republic, Slate, and other publications.