A few quick observations regarding Fitzmas:

1. Be careful what you wish for, lest it come true. Three years ago all good little Democrats went to bed on Christmas Eve hoping for a Patrick Fitzgerald bill of indictment directed at their favorite villain: Karl Rove. It never came. But this Holiday Season, ironically, the "Fitzmas" finally arrived, with a whole slew of "complaints" against the Democratic Party home-state governor and erstwhile ally of the President-elect.

2. For all the newly initiated politicos brought into the system on the Obama wave, who only know what the mainstream media reported during the last election cycle, this disclosure that "Chicago Politics" has a seamy side must feel quite jarring. Really? You mean Illinois has a political history between Honest Abe and the Agent of Change? Surely, our national redeemer, fully man but also fully divine, must be as horrified as we are at this revelation.

In truth, all things considered, Barack Obama is looking relatively good in all this. After all, he never offered anyone a million big ones in unmarked bills for a political favor, the bad guy called him an "m-f-er" for not playing ball, and it looks like no Obama insiders are implicated in the dirtiest of the deeds. On the other hand, this is not good for the President-elect.

Obama and his team necessarily joined the stampede of Chicago politicians running to microphones to proclaim their absolute shock to discover that there was gambling in the backroom of "Rick's Café Américain." Frankly, that scene bordered on the ridiculous. Give the Obama Gang credit for not being in total cahoots with this fellow--but let's be serious. We know they were all swimming and drinking from the same water hole. There is going to be some blow back from this scandal. There are undoubtedly people and political associations that link Obama and his brain trust to the crooks (Tony Rezko comes to mind, for starters).

True, Obama has a complicit media still running interference for him, but this fiasco is going to cost him some credibility and equity with the adoring prObama press corps. This is no where near the beginning of the end of the honeymoon--but it is a weight on the scale that will inevitably shift at some point in the public life of Barack Obama from adoration to contempt.

3. Give Patrick Fitzgerald some credit for keen political instinct. I have little doubt that everything alleged in the "complaint" is true and accurate (in the aggregate), but it feels rushed. The timing is suspect. Why? We all know that the insider speculation has had Obama shutting down the pesky US Attorney bulldog. Fitzgerald just became a household name again. Buttressed by his Scooter Libby "bonafides," and elevated once again into the public consciousness as the ultimate no-nonsense "honest as the day is long" lawman, Fitz just made himself bullet-proof. The SOB is now much too famous to sack.

Obama is going to have to live with Fitz as long as Fitz wants to sniff around Chicago. At this point, there is really no guessing what he might find there--but you can bet there are a lot of prominent Chicago politicians sleeping uneasy this week.