The nine-page report also warns that Iranian plans to acquire Russian-made advanced anti-aircraft missiles could accelerate Israeli military plans for dealing with Tehran's threat to "wipe the Zionist entity off the earth." According to the authors, "Israeli leaders seem convinced that at least for now, they have a military option." However, the report states, "Israelis see the option fading over the next one to two years, not only because of Iran's nuclear progress and dispersion of its program but also because of improved Iranian air defenses, especially the expected delivery of the S-300."

All of this prompted more than 40 Republican members of the U.S. House of Representatives to send their own letter to the White House Wednesday night. In it, the congressmen expressed their concern that Mr. Obama's "policy does not adequately recognize the threat posed by Iran" and that the administration "may be undertaking a surprisingly unilateral action" by offering concessions to Russia.

Noting that last month, the Iranians "launched a satellite into orbit using dual-use, long-range ballistic missile technology," the House Republicans cautioned that the Obama-Medvedev correspondence "undermines NATO's endorsement" of European missile defenses and "undercuts our allies." The signatories observed, "Russia used financial incentives to persuade Kyrgyzstan to deny the U.S. access to its Manas military base in order to support coalition operations in Afghanistan."

In response, Mr. Obama said, "We've had a good exchange between ourselves and the Russians," and "we're rebooting" our relationship. Administration officials are putting out the word that Moscow is playing nice, noting that this week, they allowed a NATO supply convoy to pass through Russia to Afghanistan. Secretary of State Hillary Rodham Clinton described her meeting Friday in Geneva with Russian Foreign Minister Sergei Lavrov as a "tremendous opportunity." Meanwhile, the "transparent" administration refuses to release the Obama-Medvedev letter.

In the pictures and on the tube, everyone but the House Republicans is smiling. Our president, our secretary of state and the Russians are happy. You should be, too. Now you have something to think about besides the economy. Don't worry. Be happy.