The BBC thinks this is not Watergate or even Lewinsky.
How wrong they are.
These are big charges against Libby. There has been nothing like it for 135 years.
The suggestion that it is good news that Rove is not charged is stupid.
Fitzgerald can go on digging into Bushco now for months or years.
This is not good at all for Bushites, and they will know it, whatever public face they put on it.
Trying to attack Wison at this moment is just cornered animal behaviour.
But Bush makes a joke of it, and smiles his psychopathic trickster smile, winking at us as if we were all in the conspiracy with him.
And up to now most of us have been.
Not any longer.
BBC NEWS | Americas | Cheney aide resigns over CIA leak: "Special prosecutor Patrick Fitzgerald has accused Mr Libby of lying about how and when he learned and disclosed to reporters classified information about Ms Plame.
LEWIS LIBBY INDICTMENT
Two charges of perjury
Two counts of making a false statement
One charge of obstruction of justice
Indictment in full (110kb)
If found guilty on all five counts in the indictment, the 55-year-old faces a maximum of 30 years in prison and a $1.25m (£705,000) fine for each charge.
Mr Fitzgerald is to hold a news conference on Friday giving details of his investigation.
In a statement released with the indictment, Mr Fitzgerald said: 'When citizens testify before grand juries, they are required to tell the truth."