Hmmmm, I'm not so sure. Sure, we have greater firepower and more or less complete dominance in the air, but there are a number of factors, both inherent and self-imposed, that limit our ability to apply firepower or exploit our air power. We are also, for the most part, better at fire and maneuver. But even with those advantages we cannot always impose our tactical will on the enemy. The terrain is often the insurgent's friend, from mountains to the corrugated fields around Kandahar that offer cover, concealment, and numerous avenues of approach or withdrawal to the bad guys.
More important, though, is our lack of mobility. Our inability to pursue in any meaningful sense (due to poor off road ability, too few helicopters, heavily burdened infantry, and a reluctance to accept the inherent risks of pursuit) means that we can rarely exploit the tactical dominance we enjoy. In other words, the enemy normally enjoys the initiative and freedom to maneuver...and in my experience this tends to cancel out our dominance in precision application of firepower
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