EGYPT, CONTINUING – AT 12:16 P.M. ET:  President Obama has now scheduled a speech about Egypt for early this afternoon.  Can you just sense the anticipation?

All the world is waiting for Obama's wisdom, based on his years as a community organizer and a toddler in Indonesia.  Given the fact that he's botched just about everything about this crisis, we can't wait for the latest round. 

We hope the president doesn't invite the Muslim Brotherhood to join the Egyptian government. 

We note that Hillary Clinton seems to have disappeared.  She always disappears when things get embarrassing.  Expect to see her face on a milk carton at your favorite convenience store.

Meanwhile, wiser heads are cautioning that today's resignation by Hosni Mubarak is only a beginning.  No elections have been held or even scheduled.  Fortunately, the army, a respected, stable force, is in power.  Christiane Amanpour has not been crowned queen, despite the obvious yearning.

Key question:  Will this spread to other Arab countries?  That's very important for our own foreign interests, but don't ask American intelligence officials.  One said yesterday that the Muslim Brotherhood was secular, and another said that he got his news about Mubarak's intentions from TV.  I will sleep soundly tonight only with pills.

February 11, 2011