The Prophecies Newt: World War III?

From the Yahoo Buzz log:
On July 15, Newt Gingrich [pictured] told The Seattle Times that "America is in World War III."

The Buzz log goes on to say that WWIII prediction searches are up 4,000%.

From the Seattle Times Article:
Former U.S. House Speaker Newt Gingrich says America is in World War III and President Bush should say so.

The rest of the article goes on to talk about partisan politics and talks little else about the claim. While it certainly is attention-grabbing to claim so, I don’t really see how this WWIII analogy fits the current situation.