"As Iraqis Stand Up, We Will Stand Down."

Highlights from the President's primetime speech on Iraq:

Looking back:

• June 2004: Iraq achieves free sovereignty
• January 2005: Iraqis hold free elections
• Notable infrastructure improvements: roads, schools, health clinics, basic services (electricity, sanitation, water)
• Effects felt beyond Iraq's borders, as weapons programs are abandoned and freedom is claimed throughout the broader middle east (observably in Libya, Palestinian territories, Lebanon, Egypt, Saudi Arabia)

Currently:

• 30 nations with military forces in Iraq (many others providing non-military support)
• 40 nations and 3 international organizations supporting Iraq's reconstruction
• 80 nations and international organizations meeting recently in Brussels and next month in Jordan in support of reconstruction efforts
• 17 nations contributing troops to NATO training missions
• Italy, Germany, Ukraine, Turkey, Poland, Romania, Australia, and the U.K. training the Iraqi police force.
• 130,000 Iraqi forces gaining in number and quality
• 2,000+ Iraqi forces' lives given in the line of duty
• Iraqi-led anti-terrorist campaign "Operation Lightning" netting 100's of suspected insurgents and terrorists

Plans:

• No new troops
• No withdrawal timetable
• 3 new steps:
  • Partnering U.S. and Iraqi units, to allow Iraqis to observe the world's most professional armed servicemen in live combat situations
    
  • Embedding coalition operations teams to work and live alongside Iraqis, teaching skills related to urban combat, intelligence, reconnaissance, and surveillance
  • Assisting interior ministries with coordination of anti-terrorist command-and-control operations and leadership training
• Constitutional drafting committee will solicit involvement of more Sunnis
• Once written, Iraqi constitution will be put to a vote
• If constitution is approved, new elections will establish permanent government

Expectations:

• As Iraqis see that their military can protect them, more will come forward with vital intelligence
• Continued reforms will provide the foundation for a free and stable Iraq
• Rise of freedom in vital region will eliminate conditions that give rise to radicalism and terrorism
• Ultimate triumph depends on steadfastness of allies and perseverance of American people
• We will fight until the fight is won

Call for involvement:

• This 4th of July, find a way to thank and support our servicemen and women:
  • Fly a flag
  • Help out a local military family
  • Send letters to troops overseas
• Visit the America Supports You website for hundreds of ways to support the troops, including an online form to send your message of support instantly

Read the full address.
Captain Ed charted a liveblog of the speech.  So did Matt at Blogs for Bush.