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For the Iranian theocracy has just administered a body blow to its legitimacy in the eyes of the Iranian people and the world.

Before Saturday, the regime could credibly posture as defender of the nation, defiant in the face of the threats from Israel, faithful to the cause of the Palestinians, standing firm for Iran's right to enrich uranium for peaceful nuclear power.

Today, the regime, including the Supreme Leader Ayatollah Ali Khamenei, is under a cloud of suspicion that they are but another gang of corrupt politicians who brazenly stole a presidential election to keep themselves and their clerical cronies in power.

What should we do now? Wait for the dust to settle. No U.S. denunciation of what took place in Iran is as credible as the reports and pictures coming out of Iran. Those reports, those pictures are stripping the mullahs of the only asset they seemed to possess -- that, even if fanatics, they were principled, honest men.