The Memo Doesn’t Vindicate Trump. It’s More Proof of Obstruction.

Mr. Trump’s approval of the release of the memo and his comments that releasing it could make it easier for him to fire Mr. Rosenstein could help Robert Mueller, the special counsel, prove that Mr. Trump fired James B. Comey, then the F.B.I. director, with a “corrupt” intent

.. Mr. Mueller could argue that the president’s comments that Mr. Rosenstein was not “loyal” and his desire to fire Mr. Rosenstein suggest Mr. Trump’s unlawful intent when he fired Mr. Comey.

.. The memo also offers the outlines of a broader probable cause case against Mr. Page.

.. The memo indicates that the investigation of Mr. Page began well before the warrant under the Foreign Intelligence Surveillance Act, or FISA, was sought, and that the Russia investigation was initiated because of the statements of George Papadopoulos.

.. The fact that the warrant was renewed three times indicates that the F.B.I. obtained useful intelligence each time

.. The initial surveillance began before Mr. Rosenstein was deputy attorney general, and by the time he was at the Justice Department, he approved renewal applications that were based on the intelligence gathered from the earlier surveillance — not the dossier.

.. Given that Mr. Steele was a former intelligence officer, not a flipper with an extensive criminal history, it will be hard to show that a judge would have believed he was lying if the source of his funding was included in the application.

.. Although at least one Republican maintains that the memo shows that Mr. Rosenstein, Mr. Comey and others committed “treason,” the memo itself does not allege that the F.B.I. or Department of Justice knowingly used false information or even that the information they used was false.