UPDATE: Scoop : The Democratic Daily was one of the first blogs on this story, way out ahead of the pack. Take a look here.
The Wall Street Journal just broke this story. Karl Rove is resigning at the end of August.
Karl Rove to Resign At the End of August
By a WALL STREET JOURNAL Staff Reporter
August 13, 2007 4:00 a.m.
Karl Rove, President Bush’s longtime political adviser, is resigning as White House deputy chief of staff effective Aug. 31, and returning to Texas, he said in an interview with Paul Gigot, editor of The Wall Street Journal’s editorial page.
Mr. Rove, who has held a senior post in the White House since President Bush took office in January 2001, told Mr. Gigot he first floated the idea of leaving a year ago. But he delayed his departure as, first, Democrats took Congress, and then as the White House tackled debates on immigration and Iraq, he said. He said he decided to leave after White House Chief of Staff Joshua Bolten told senior aides that if they stayed past Labor Day they would be obliged to remain through the end of the president’s term in January 2009.
“I just think it’s time,” Mr. Rove said in the interview.
In the related editorial, Rove lays out his perception of Big Issues and the Future:
from ‘The Mark of Rove‘
[Instead of a “Z” however, the ‘mark’ would undoubtedly be a clenched fist with the middle finger extended.]
“He will move back up in the polls,” says Mr. Rove, who interrupts my reference to Mr. Bush’s 30% approval rating by saying it’s heading close to “40%,” and “higher than Congress.”
Looking ahead, he adds, “Iraq will be in a better place” as the surge continues. Come the autumn, too, “we’ll see in the battle over FISA” — the wiretapping of foreign terrorists — “a fissure in the Democratic Party.” Also in the fall, “the budget fight will have been fought to our advantage,” helping the GOP restore, through a series of presidential vetoes, its brand name on spending restraint and taxes.
As for the Democrats, “They are likely to nominate a tough, tenacious, fatally flawed candidate” by the name of Hillary Rodham Clinton. Holding the White House for a third term is always difficult given the pent-up desire for change, he says, but “I think we’ve got a very good chance to do so.”
You can take that at face value, or wait for the salt truck to arrive. Me? I’m picking the latter.
One odd note for Gannon/Guckert theorists: Karl states in the main story: ” ‘as much as I’d like to be here, I’ve got to do this for the sake of my family.’ Mr. Rove and his wife have a home in Ingram, Texas, and a son who attends college in nearby San Antonio.”