Why Rearrange the Deck Chairs? Is It Frogmarching Time?

Speculation is rampant. Obviously McLellan leaving and Rove switching jobs doesn't really change anything. So why the moves?

Bob Fertik summarizes the theories:

Rove Indictment is Imminent

Karl Rove gave up the policy part of his job for a simple reason: he's about to be indicted and frog-marched out of the White House in handcuffs, thus making Joe Wilson's dream come true. Sidney Blumenthal is right:

For months, Rove's attorney, Robert Luskin, has assured the press that his client, who was believed to be vulnerable to indictment for perjury, is in the clear. But Libby insisted that he was entitled to "disclosure of such documents" in Rove's files "even if Mr. Rove remains a subject of a continuing grand jury investigation".

Karl Rove is a subject of Fitzgerald's investigation - this is the headline buried in Libby's filing.

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Update 1: Taylor Marsh thinks Rove is taking over the K Street Project since DeLay is history. I don't think so - being a bagman is a job anyone can do. But only Rove can steal the Senate and House at a time when Bush's polls are in the mid-30's - and falling.

Update 2: emptywheel thinks Rove is effectively taking over the Republican National Committee because Ken Mehlman is going to be indicted in the New Hampshire phone jamming scandal (a.k.a. Watergate 2), and is likely to bring the whole Republican Party down with him. I think that theory has a lot going for it.

Update 3: ThinkProgress says Rove will keep his security clearance, despite his role in the outing of Valerie Plame. Will Joe Lieberman and Henry Waxman demand its revocation?