On June 4, President Barack Obama declared, "I've come here to Cairo to seek a new beginning between the United States and Muslims around the world." Awed by Obama's rhetoric, many commentators - blogger Juan Cole and MSNBC anchor Keith Olbermann, for example - suggested that an "Obama Effect" could usher in a new era of hope and change in the Middle East, and a pro-American outcome in Lebanese elections earlier this month seemed to cooperate with the theory. After Mahmoud Ahmadinejad's reelection in Iran, we can now say with confidence: There is an Obama Effect, but it has less...