Putin continues to play Bush like a fiddle. This time, he's trying to virtually take over the missille defense shield, essentially (as far as I can tell) suggesting that the entire radar infrastructure be based in Russia. So far, Bush has said "Nyet" to that proposal, but stranger things have certainly happened.
We lack real leadership throughout government, which puts us at a distinct disadvantage. I dream of a Jefferson or Madison or Washington to come out of nowhere, but dreaming doesn't really help.
Update: Putin puts some teeth into his "offer."