BAD NEWS

Despite proving his profound incompetence in foreign affairs, Pres. Fredo is reported by ABC to have authorized covert action against Iran:

President Bush has signed a "nonlethal presidential finding" that puts into motion a CIA plan that reportedly includes a coordinated campaign of propaganda, disinformation and manipulation of Iran's currency and international financial transactions.

Officials say the covert plan is designed to pressure Iran to stop its nuclear enrichment program and end aid to insurgents in Iraq.

"Vice President Cheney helped to lead the side favoring a military strike," said former CIA official Riedel, "but I think they have come to the conclusion that a military strike has more downsides than upsides."

We can expect this to backfire, the only question being when and how badly. The fact that Cheney lost this time is a bit of good news. Perhaps he's lost some clout now that his ally Rumsfeld is gone.