All clear for the White House?

First, Billmon trumpets the good news:

Fantastic news for the White House today -- yet another top presidential aide was not indicted for perjury or obstruction of justice. Boy, those guys are really on a roll!

Then he discusses the significance of Rove's bullet ballet is classic Billmon style:

So did Karl dodge the bullet, or did the bullet dodge Karl?

I'm as disappointed as anyone to hear that Pat Fitzgerald won't be serving Rove's porcine head up on a platter

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In any case, I have a hard time believing Fitzgerald backed off because he's decided Rover wasn't such a naughty little piggie after all. That "Official A" label stamped on Karl's balding pate by the Libby indictment was the prosecutorial equivalent of the kiss of death, and based on his track record, Fitz is about as likely to show clemency as your average Mafia hit man, and probably less so.

[...]

This leaves two possibilities. Fitzgerald may have decided that getting a conviction against Rove was going to be tough -- too tough to justify the investment and the potential negative blowback on the Libby case. Or, Karl may have decided that it's far better to be a rat than an imprisoned ratfucker, and turned state's evidence.

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If I had to make a guess, It would probably be that Fitz is indeed putting all his chips on Libby, and has good reason to believe Rove's testimony will help him hit the jackpot. I don't get the sense that Fitzgerald is spoiling for a constitutional death match, which is what he (and we) would get if the not-so-special prosecutor went after Big Time on conspiracy or obstruction or false statement charges.

It almost makes me nostalgic for the glory days of Ken Starr, the kind of special prosector who really would ask a grand jury to indict a ham sandwich -- or, in Rove's case, a rancid slab of bacon. But that's just the way it goes: The other side got the crooked arrow and we got the straight one. Somehow I doubt this is much comfort to Scooter Libby. Crooked arrows tend to miss their targets, as Starr missed his. Fitzgerald, on the other hand, appears to be lining up for a bull's eye, even if it's not on the guy I would most like to see skewered.