Froomkin sez it's

1. indictments
2. resignations
3. Praznit makes "a public statement"

MORE: From the Daily News:

Behind the scenes, however, Team Bush was finalizing its campaign to discredit and undermine special prosecutor Patrick Fitzgerald's conclusions, sources told the Daily News.

The White House strategy is counting on major help from GOP allies and neocon commentators who turned on Bush for naming Harriet Miers to the Supreme Court and are now looking for redemption with a miffed President.

An emerging theme in the Bush war room is arguing that his top political aide, Karl Rove, simply got tripped up on his recollections of whom he talked to and what he told them when questioned about the outing of CIA spy Valerie Plame. He shouldn't be indicted simply because of contradictory grand jury testimony, a source said.

Bush allies have already begun casting perjury and obstruction charges as irrelevant in a probe created to find out who leaked classified information.

The Dem response is pretty good.

A senior Senate Democratic aide said, "When it's about perjury and obstruction and it deals with sex, Republicans think it's worthy of impeachment. When it's about perjury and obstruction dealing with national security, they don't take it seriously."