You read it correctly; it says "Taliban." This cartoon is from November 2001, but it's just as relevant to Iraq, both in the quickness of the Coalition success and in the media reaction. There was no "quagmire" (except for the one at the U.N.). This cartoon is in our book, Black & White World.
This week, Mark Steyn reviews the latest phony quagmires coming from the media: Meanwhile back in the real world. Excerpt: "On to the next quagmire! Don't get mired in the bog of yesterday's conventional wisdom, when the movers and shakers have already moved on to new disasters. America may have won the war but it's already losing the peace! Here's your at-a-glance guide to the Top Ten Impending Quagmires -- all you need to know about what the experts who got everything wrong last week will be getting wrong this week."