Keith Olbermann rips homeland security czar Michael Chertoff a new, er, orifice, humorously parsing out what Bush’s master of disaster could have been thinking when he announced he had a “gut feeling” a terror attack might be imminent despite having “”no credible intelligence,” in the words of a back-pedaling White House.

“I have pondered this supreme expression of diminished expectations for parts of three days now. I have concluded that there are only five possible explanations for Mr. Chertoff’s remarkable revelations about his transcendently important counterterrorism stomach,” writes the host of MSNBC’s “Countdown”: “bureaucratic self-protection, political manipulation of the worst kind, the dropping of opaque hints, a gaffe backfilled by an ‘instant report,’ or the complete disintegration of our counterterror effort.”

“You have reduced yourself to the status of a hunch-driven clown, and it’s probably time you turned your task over to somebody who represents the brain and not the gut, certainly to somebody who does not, as you do now, represent that other part of the anatomy — the one through which the body disposes of what the stomach doesn’t want.”

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