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Remember what this latest episode was about: Saddam's determination to conceal an expanding arsenal of chemical and biological weapons. The crisis gave Saddam three weeks to hide this stuff from U.N. inspectors, who reportedly were getting close. Bottom line: Israel faces an Iraq that continues to develop a deadly non-con- ventional arsenal, and an Arab world that is less willing than ever to stand with Washington against regional bad guys. * BILL CLINTON escaped the need to engage U.S. troops in unilateral action that could quickly escalate, and he pleased European allies who increas- ingly put hoped-for trade with Iraq and Iran ahead of global good sense. But Mr. Clinton also strengthened the impression that he always prefers quick gloss-overs in foreign policy to complex, realistic action. His decision to accept the Russian compromise may damage U.S. clout in the Mideast and weaken his hand in efforts to limit proliferation in other countries, including Iran. Nor did Mr. Clinton bolster his standing as the mediator-in-chief in Israeli-Palestinian negotiations by letting Saddam return unpunished to an unac- ceptable status quo. And Mr. Clinton, who wants Vice President Al Gore to replace him in 2001, handed his trusty sidekick a tick- ing time bomb. * SADDAM HUSSEIN got most of what he wanted: a few weeks without U.N. snooping, a nudge toward easing of economic sanctions and a change in U.S. policy linking the end of sanctions to his removal. As a bonus, he widened fractures in the U.S.-led Gulf coalition. It wasn't a complete victory, but he picked up a handful of get-out-of-jail- free cards that will be useful the next time he picks a fight with the civilized world. And he received a modest boost toward his goal of an arsenal that will let him play with the big boys on the world game board. * RUSSIA came out a winner, and that's bad news for Israel and the United States. President Boris Yeltsin and Foreign Minister Yevgeny Primakov want two things: a growing role in Mideast nego- tiations and a chance to trade with Iran and Iraq without Washington breathing down their necks. Already, there are indications the Russians will press for a relaxation of c-) sanctions, and when that happens, Russian wheelers and dealers will be on the first shuttle to Baghdad. Washington and Jerusalem distrust Mr. Primakov, an Arabist who they see as a chronic spoiler in the region. Last week's compromise will make it harder to keep him on the Mideast sidelines. * FRANCE has consistently resisted sanctions, and it was a major impedi- ment to strong U.S. led efforts after tic) U.N. inspectors were kicked out of Iraq. - A quick gloss-over in foreign policy.- The government in Paris will contin- ue to do what it has always done: look out for the narrowest French interests, and resist on principle every U.S. initia- tive. Sure, their rogue-nation friends will soon acquire missiles that could hit European capitals, as well as Tel Aviv. But at least those missiles will have components from French factories. Trade is trade, after all. * SAUDI ARABIA and KUWAIT both want to have their cake and eat it, too. They want U.S. protection against aggressive neighbors, but they don't want to be seen walking down the street with us. They're short-term winners because, this time around, they got away with it, but they're likely to lose big time in the future because they still have an emboldened Saddam Hussein just around the corner. And it's hard to imagine how a reduction in U.S. influence in the region — and gains for Russia, as well as Iraq — could be good for the stab- ty the shaky Saudi royal family needs. * REPUBLICAN LEADERS IN CONGRESS: Just before the winter adjournment, they cut funding to pay the big U.S. arrears at the United Nations because of a squabble over abortion. They did this just as Washington was trying to mobilize U.N. support for tough measures against* Saddam. 0 Sen. Trent Lott, R-Miss., and House Speaker Newt Gingrich, R-Ga., the GOP congressional leaders, both want to be president. In this test of their for- eign policy skills, neither came off look- ing like a statesman. ❑