Failed airline bombing succeeds in distraction

The failed attempt to bomb a U.S.-bound airliner on Christmas day has created an over-reaction, argues guest blogger Michael Economides:

Unfortunately, for many Umar wannabees what we are doing now is by far the biggest encouragement to vent their natural social and physical predilections. Let’s stop now. I hoped that what Secretary Janet Napolitano said on Dec. 27 and, following a wide outcry quickly recanted on Dec. 28, that the “system worked,” meant that our reaction would be measured and not panicked; that we would continue traveling and working normally.
Unfortunately our propensity to exaggerate and the press to sensationalize again got the best of us.
It may sound crass and heartless for the people involved and their families but had the operation not been botched, in itself a far-fetched chance for the naïve and incompetent Umar, and resulted in a brutal tragedy, the cost to our economy and the impact on our life would be tiny, compared to what any attempted reaction to seal off all chances for repetition will cost in both real money and anxiety.

The event has also helped push to the inside pages of newspapers stories Economides finds more important:

The first was the recent bid for Iraqi oil fields in which, the Iraqi government, showing a marked independence from the expectations of the conspiracy and the war-for-oil theorists, shut out American oil companies.