Like everyone else, the left-wing blogosphere’s favorite TV show, MSNBC’s “Countdown with Keith Olbermann,” last night led with the British terrorist plot. Host Olbermann promised “rational, but not cynical” reporting, and this is how he started it off:

KEITH OLBERMANN, HOST: Which of these stories will you be talking about tomorrow?
The hysteria stops here. The British send international air travel into disarray as they arrest two dozen suspects in a purported plot to blow up as many as 10 U.S.-bound international flights, allegedly using liquid explosives smuggled on board in containers. But intelligence sources say the supposed plotters only began looking at flight schedules last week.
The source is the British, the same people who missed both subway bombings in London last year, then shot a purported terrorist wearing a suicide-bomb vest and running from police, only it turned out he was a 27- year-old electrician wearing an ordinary shirt and walking.
Here at home, all liquids banned from carry-on bags. Massive delays at American airports till further notice, even though there are no indications of any purported plots against domestic flights.
What about the delay in American politics?
(BEGIN VIDEO CLIP)
GEORGE W. BUSH, PRESIDENT OF THE UNITED STATES: This nation is at war with Islamic fascists.
(END VIDEO CLIP)
OLBERMANN: The president interrupting his vacation, not to reassure the nation nor go back to the capital, but merely to hit a fundraiser in Wisconsin. His press secretary said Mr. Bush knew of the British investigation as early as Sunday. Did his vice president know? His party national committee chair? Does that explain the unbridled rhetoric about the Democrats and the Connecticut Senate primary vote?
Complete coverage of the alleged plot. Keith Miller at Scotland Yard in London, Pete Williams at Homeland Security, Roger Cressey on the terrorism nuts and bolts, Tom Costello with the chaos at the airports, and Jonathan Alter on the specter of an administration that has seemingly played politics with past terror alerts, and how much of this we can all believe…