The "he" is line 2 is Jesus, is the "me" in that same line the Father, then?

Though what seems to be an harder question, is who is "we" on line 5?

Micah 5:1 ¶ Now gather thyself in troops, O daughter of troops: he hath laid siege against us: they shall smite the judge of Israel with a rod upon the cheek.

 2 But thou, Bethlehem Ephratah, though thou be little among the thousands of Judah, yet out of thee shall he come forth unto me that is to be ruler in Israel; whose goings forth have been from of old, from everlasting.

 3 Therefore will he give them up, until the time that she which travaileth hath brought forth: then the remnant of his brethren shall return unto the children of Israel.

 4 And he shall stand and feed in the strength of the LORD, in the majesty of the name of the LORD his God; and they shall abide: for now shall he be great unto the ends of the earth.

 5 And this man shall be the peace, when the Assyrian shall come into our land: and when he shall tread in our palaces, then shall we raise against him seven shepherds, and eight principal men.

 6 And they shall waste the land of Assyria with the sword, and the land of Nimrod in the entrances thereof: thus shall he deliver us from the Assyrian, when he cometh into our land, and when he treadeth within our borders.

To first see "us" in line 1, and "our" land in line 5, the thought would be that it must be Israel.

Then if that is true, then the "we" would be Israel.

Then Israel will raise against the Assyrian seven shepherds and eight principal men.

I don't remember reading about those seven shepherds and eight principle men in II Kings or II Chronicles.

Line 2 clearly is a prophecy of the birth of Jesus in Bethlehem, long after Micah, and long after Sennacherib.

The "he" in line 2 is Jesus, then the "he", twice in line 4, and "this man" in line 5, would also be Jesus, but it must yet still be future.

The Assyrian did not come into the land during Jesus' earthly ministry.

Line 1 may have been about Sennacherib, but line 2 is like 700 years after that.

Then lines 4, 5, and 6 look to be yet still future, at the time of the second advent.

Line 3 is interesting, can "travaileth" only refer to the virgin birth, located in Bethlehem in line 2?

The rest of line 3 looks like it is speaking of the return of Israel at the time of the second advent.

If that is so, then is "travaileth" is referring to the return of Israel, yet future?