Dan Drezner is underwhelmed by grand strategies:
If grand strategies are so overrated, why the furious debate? For two reasons, one petty and one substantive. The petty reason is that everyone in the U.S. foreign policy community secretly hopes to be the next Kennan. When a commentator bewails the failings of the United States' grand strategy, it is usually because he has scribbled down his own set of musings on the topic. Indeed, complaints about grand strategy have plagued every U.S. administration since the end of World War II for precisely this reason. Grand strategies are easy to devise-they are forward-looking, operate in generalities, and make for great book tours. Whenever a foreign policy commentator articulates a new grand strategy, an angel gets its wings.
The Dish 