Here we go again with 2nd-term presidents’ menopause (Reagan’s Iran/Contra, Clinton’s Lewinsky). CNN.com is reporting:

I. Lewis “Scooter” Libby, Vice President Dick Cheney’s chief of staff, was indicted Friday on charges related to the investigation into the unmasking of a CIA operative.

Libby was indicted on one count of obstruction of justice, two counts of perjury and two counts of making false statements, court documents show.

The indictments were not related to the actual leak of operative Valerie Plame’s name.

Just as democracy is taking firm root in Iraq:

David Gergen, a former adviser to presidents Nixon, Ford, Reagan and Clinton, told CNN’s “Larry King Live” that indictments in the case could have an enormous impact on the Iraq war.

“Because if there are indictments, it will not only be people close to the president, the vice president of the United States, but they will raise questions about whether criminal acts were perpetrated to help get the country into war.”

It may be a bit premature for such prognostications, but this certainly is not great news for Bush. This all could have been handled better, but my hindsight is (not) 20-20. The Demo-vultures are already circling, but this too shall pass (great news on the economy will help soften the blow).