On Tuesday's Countdown, MSNBC host Keith Olbermann used his latest "Special Comment" to call on President Bush and Vice President Cheney to resign because of the commutation of Scooter Libby's prison sentence, contending that President Bush is only president of a "rabid and irresponsible corner of the Republican Party." Olbermann further accused Cheney of being "without conscience" and compared the two to a "ventriloquist" and "dummy." After calling on Congress to "pressure, negotiate, impeach," Olbermann concluded: "Display just that iota of patriotism which Richard Nixon showed, on August 9, 1974. Resign. And give us someone, anyone, about whom all of us might yet be able to quote John Wayne, and say, 'I didn't vote for him, but he's my President, and I hope he does a good job.' Good night and good luck." (Transcript follows)

Olbermann opened by reciting John Wayne's words about wishing well of President Kennedy even though he had voted for Nixon. The Countdown host soon moved to argue that Bush is unworthy of that sentiment as he accused the President of "stabbing this nation in the back." Olbermann: "George W. Bush took our assent, and re-configured it, and honed it, and sharpened it to razor-sharp points and stabbed this nation in the back with it."

Regarding Bush's decision to commute Libby's prison sentence, Olbermann accused the President of merely representing the "rabid" corner of his party. Olbermann: "In that moment, Mr. Bush, you ceased to be the President of the United States. In that moment, Mr. Bush, you became merely the President of a rabid and irresponsible corner of the Republican Party."

Olbermann listed out several accusations against the President, including "lying this country into war," "fabricating" a "false implied link between Saddam Hussein and 9/11," "causing in Iraq the needless deaths of 3,586 of our brothers and sons and sisters and daughters and friends and neighbors," "subverting the Constitution," "creating the very terror you claim to have fought," and "handing part of this Republic over to a Vice President who is without conscience."

The MSNBC host compared Bush and Cheney to a "ventriloquist" and "dummy" as he referred to the Libby commutation as "crossing the Rubicon." Olbermann: "You both crossed the Rubicon yesterday. Which one of you chose the route no longer matters. Which is the ventriloquist, and which the dummy, is now irrelevant. But that you have twisted the machinery of government into nothing more than a tawdry machine of politics, is the only fact that remains relevant."

Olbermann tied in the July 4th holiday for its celebration of America standing up to its king, as he called for the impeachment of Bush and Cheney, whom he tagged as "perilous to our democracy." Olbermann: "We of this time -- and our leaders in Congress, of both parties -- must now live up to those standards which echo through our history -- pressure, negotiate, impeach -- get you, Mr. Bush, and Mr. Cheney, two men who are now perilous to our democracy, away from its helm."

Olbermann concluded: "Display just that iota of patriotism which Richard Nixon showed, on August 9, 1974. Resign. And give us someone, anyone, about whom all of us might yet be able to quote John Wayne, and say, 'I didn't vote for him, but he's my President, and I hope he does a good job.' Good night and good luck."

Below is a complete transcript of Olbermann's "Special Comment" from the Tuesday July 3 Countdown on MSNBC:

KEITH OLBERMANN: Finally tonight, as promised, a "Special Comment" on what is, in everything but name, George Bush's pardon of Scooter Libby.

"I didn't vote for him," an American once said, "but he's my President, and I hope he does a good job." That, on this eve of the 4th of July, is the essence of this democracy, in 17 words. And that is what President Bush threw away yesterday in commuting the sentence of Lewis "Scooter" Libby.

The man who said those 17 words, improbably enough, was the actor John Wayne. And John Wayne, an ultra-conservative, said them when he learned of the hair's breadth election of John F. Kennedy instead of his personal favorite, Richard Nixon, in 1960. "I didn't vote for him, but he's my President, and I hope he does a good job."

The sentiment was doubtlessly expressed earlier, but there's something especially appropriate about hearing it now in Wayne's voice: The crisp matter-of-fact acknowledgment that our form of government has survived, even though for nearly two centuries now, our Commander-in-Chief has also served, simultaneously, as the head of one political party and often the scourge of all others. We as citizens must, at some point, ignore a President's partisanship. Not that we may prosper as a nation, not that we may achieve, not that we may lead the world, but that merely we may function. But just as essential to the 17 words of John Wayne is an implicit trust, a sacred trust: That the President for whom so many did not vote, can in turn suspend his political self long enough, and for matters imperative enough, to conduct himself solely for the benefit of the entire Republic.

Our generation's willingness to state "we didn't vote for him, but he's our President, and we hope he does a good job," was tested in the crucible of history, and far earlier than most. And in circumstances far more tragic and threatening. And we did that with which history tasked us. We enveloped our President in 2001. And those who did not believe he should have been elected, indeed those who did not believe he had been elected, willingly lowered their voices and assented to the sacred oath of non-partisanship.

And George W. Bush took our assent, and re-configured it, and honed it, and sharpened it to razor-sharp points and stabbed this nation in the back with it. Were there any remaining lingering doubt otherwise, or any remaining lingering hope, it ended yesterday when Mr. Bush commuted the prison sentence of one of his own staffers. Did so even before the appeals process was complete; did so without as much as a courtesy consultation with the Department of Justice; did so despite what James Madison, at the Constitutional Convention, said about impeaching any President who pardoned or sheltered those who had committed crimes "advised by" that President; did so without the slightest concern that even the most detached of citizens must look at this chain of events and wonder to what degree was Mr. Libby told: "Break the law however you wish, the President will keep you out of prison"?

In that moment, Mr. Bush, you broke that fundamental compact between yourself and the majority of this nation's citizens, the ones who did not cast votes for you. In that moment, Mr. Bush, you ceased to be the President of the United States. In that moment, Mr. Bush, you became merely the President of a rabid and irresponsible corner of the Republican Party. And this is too important a time, sir, to have a Commander-in-Chief who puts party ahead of nation.

This has been, of course, the gathering legacy of this administration. Few of its decisions have escaped the stain of politics. The extraordinary Karl Rove has spoken of "a permanent Republican majority," as if such a thing, or a permanent Democratic majority, is not antithetical to that upon which rests our country, our history, our revolution, our freedoms. Yet our Democracy has survived shrewder men than Karl Rove. And it has survived the frequent stain of politics upon the fabric of government. But this administration, with ever-increasing insistence and almost theocratic zealotry, has turned that stain into a massive oil spill.

The protection of the environment is turned over to those of one political party, who will financially benefit from the rape of the environment. The protections of the Constitution are turned over to those of one political party, who believe those protections unnecessary and extravagant and quaint. The enforcement of the laws is turned over to those of one political party, who will swear beforehand that they will not enforce those laws. The choice between war and peace is turned over to those of one political party, who stand to gain vast wealth by ensuring that there is never peace, but only war.

And now, when just one cooked book gets corrected by an honest auditor, when just one trampling of the inherent and inviolable fairness of government is rejected by an impartial judge, when just one wild-eyed partisan is stopped by the figure of blind justice, this President decides that he, and not the law, must prevail.

I accuse you, Mr. Bush, of lying this country into war. I accuse you of fabricating in the minds of your own people, a false implied link between Saddam Hussein and 9/11. I accuse you of firing the generals who told you that the plans for Iraq were disastrously insufficient. I accuse you of causing in Iraq the needless deaths of 3,586 of our brothers and sons and sisters and daughters and friends and neighbors.

I accuse you of subverting the Constitution, not in some misguided but sincerely-motivated struggle to combat terrorists, but instead to stifle dissent. I accuse you of fomenting fear among your own people, of creating the very terror you claim to have fought. I accuse you of exploiting that unreasoning fear, the natural fear of your own people who just want to live their lives in peace, as a political tool to slander your critics and libel your opponents. I accuse you of handing part of this Republic over to a Vice President who is without conscience, and letting him run roughshod over it.

And I accuse you now, Mr. Bush, of giving, through that Vice President, carte blanche to Mr. Libby, to help defame Ambassador Joseph Wilson by any means necessary, to lie to grand juries and special counsel and before a court, in order to protect the mechanisms and the particulars of that defamation, with your guarantee that Libby would never see prison, and, in so doing, as Ambassador Wilson himself phrased it here last night, of you becoming an accessory to the obstruction of justice.

When President Nixon ordered the firing of Watergate special prosecutor Archibald Cox during the infamous Saturday Night Massacre on October 20, 1973, Mr. Cox initially responded tersely, and ominously. "Whether ours shall be a government of laws and not of men," he said, "is now for Congress, and ultimately, the American people."

President Nixon did not understand how he had crystallized the issue of Watergate for the American people. It had been, to that point, about the obscure meaning behind an attempt to break into a rival party's headquarters; and the labyrinthine effort to cover up that break-in and the related crimes. But in one night, Nixon transformed it. Watergate instantaneously became a simpler issue: a President overruling the inexorable march of the law of insisting, in a way that resonated viscerally with millions who had not previously understood, that he was the law. Not the Constitution. Not the Congress. Not the Courts. Just him.

Just, Mr. Bush, as you did yesterday. The twists and turns of Plamegate, your precise and intricate lies that sent us into this bottomless pit of Iraq; your lies upon the lies to discredit Joe Wilson; your lies upon the lies upon the lies to throw the sand at the referee of Prosecutor Fitzgerald's analogy. These are complex and often painful to follow, and too much, perhaps, for the average citizen. But when other citizens render a verdict against your man, Mr. Bush, and then you spit in the faces of those jurors and that judge and the judges who were yet to hear the appeal, the average citizen understands that, sir. It is the fixed ball game and the rigged casino and the pre-arranged lottery all rolled into one, and it stinks. And they know it.

Nixon's mistake, the last and most fatal of them, the firing of Archibald Cox, was enough to cost him the presidency. And in the end, even Richard Nixon could say he could not put this nation through an impeachment. It was far too late for it to matter then, but as the decades unfold, that single final gesture of nonpartisanship, of acknowledged responsibility not to self, not to party, not to "base," but to country, echoes loudly into history. Even Richard Nixon knew it was time to resign.

Would that you could say that, Mr. Bush. And that you could say it for Mr. Cheney. You both crossed the Rubicon yesterday. Which one of you chose the route no longer matters. Which is the ventriloquist, and which the dummy, is now irrelevant. But that you have twisted the machinery of government into nothing more than a tawdry machine of politics, is the only fact that remains relevant.

It is nearly July 4th, Mr. Bush, the commemoration of the moment we Americans decided that rather than live under a king who made up the laws, or erased them, or ignored them, or commuted the sentences of those rightly convicted under them, we would force our independence, and regain our sacred freedoms. We of this time -- and our leaders in Congress, of both parties -- must now live up to those standards which echo through our history -- pressure, negotiate, impeach —- get you, Mr. Bush, and Mr. Cheney, two men who are now perilous to our democracy, away from its helm.

And for you, Mr. Bush, and for Mr. Cheney, there is a lesser task. You need merely to achieve a very low threshold indeed. Display just that iota of patriotism which Richard Nixon showed, on August 9, 1974. Resign. And give us someone, anyone, about whom all of us might yet be able to quote John Wayne, and say, "I didn't vote for him, but he's my President, and I hope he does a good job." Good night and good luck.