Forget The Calendar: It's The 4th Of July In Egypt

Within hours of defying Egypt's citizenry and taunting President Obama with sneering rhetoric, former Egyptian dictator Hosni Mubarak has cut and run.

For Egypt's courageous protesters, this constitutes a deserved victory. May Egypt's next chapters be so successful.

For Pres. Obama, Mubarak's flight invokes the bin Laden-Bush Doctrine (if you outlast the punk who issued hollow threats while pursuing a flawed and amoral strategy, you win) and vindicates his response.

By exposing the people willing to attempt to preserve stability and low fuel prices on the oppressed backs of tens of millions of people, this exercise performed a useful service.

Next step: Disgorgement of the tens of billions of dollars looted by Mubarak.

UPDATE: Swiss officials have reportedly frozen Mubarak assets.

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