Ehud Olmert is stepping down as Israeli Prime Minister, as soon as his Kadina Party picks a new leader. Not before time: he made a hash of the Israel-Hezbollah war of 2006. Mr. Olmert's government dithered over its response to Hezbollah's rocket and prisoner-grab challenge; squandered an opportunity to crush Hezbollah with Israeli ground troops: opting to try to do the job on the cheap with air power and long range guns. The Olmert government turned to its ground option much too late, with much too little, when diplomatic time had expired.
Israel got all the bad press attendant on using any of its military options and suffered a major loss of military and diplomatic prestige. The war revealed major problems with the Israeli military system, but Israel was certainly strong enough to win in the field. That she did not was largely the fault of the national leadership -- in particular Mr. Olmert.
No doubt some caretaker Prime Minister will follow, but whenever the Israelis have elections. . . keep an eye on Benjamin Netanyahu. If he were a stock, he'd be a good buy about now.