Musharraf is at fault as well. He promised protection but it wasn't there.
The decision to postpone elections will be interesting. There is no one else besides Musharraf at this point so he will probably win if they are not postponed and I don't think that will help the situation at all. But a new leader could shake things up just as much and the US will get involved if a very anti-western leader pops up, which is very likely from what I've heard.
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