The Bush administration is beginning its last year in office by quietly scaling back its foreign policy ambitions as it struggles with new obstacles and rapidly dwindling influence.

The upshot is that the Bush administration is going to be spending the next year managing crises and tidying up messes until the next president takes over, rather than reaching legacy milestones, as officials recently had hoped.

Contrast this with George Friedman's expectations about the last year under Bush:

George W. Bush is not up for re-election, and there is no would-be successor from the administration in the race; this frees up all of the administration’s bandwidth for whatever activities it wishes. Additionally, Bush’s unpopularity means that each of the White House’s domestic initiatives essentially will be dead on arrival in Congress. All of the Bush administration’s energy will instead be focused on foreign affairs, since such activities do not require public or congressional approval. Contrary to the conventional wisdom, 2008 will see the United States acting with the most energy and purpose it has had since the months directly after the 9/11 attack.

I guess the LA Times is that conventional wisdom he's talking about.

Bush officials narrow foreign horizons