With a guilty plea, Whitehouse gains a slight pantena that it can distance it's self from, and the public will quickly forget.
With an innocent plea the administration will have to endure months of possibly very embarrassing testimony and evidence. Even if Libby is found innocent, the amount of dirt and resulting muck raking from what is presented will be immense.
I'm shocked the administration or it's supporters aren't bribing Libby to play the role of the fall guy. Promises of money, jobs, pardons, etc.