It is
likely that such assassinations are against both International Law (Geneva Conventions) and US law. Carter, Ford and Reagan all prohibited them through executive orders. Even if you think that knocking off some Hamas leaders is a good idea, you will experience scope creep - last year a (sort of) influential policy advisor suggested using drones against Julian Assange.
Honestly, "we" (the West) are best armed, best funded, most free peoples ever to walk the earth. If we cannot put aside assassination and torture, then the human race has no hope.
Here for an interesting review of legality of such assassinations:
http://www.kentlaw.edu/perritt/courses/seminar/jerry-bekkerm...
Assange / assassination
http://en.wikipedia.org/wiki/Tom_Flanagan_%28political_scien...
edit: for clarity, before I become flamed as a woolly left winger, I think that there are many people in the world, that if they were hit by lightning today, the world would be much better off. but
a) I think the world is nett worse off if democracies 'arrange' that lightning, because it demeans the important point of a democracy - being a beacon of hope for the future generations.
b) the choice of targets, is not discussed in a democratic manner, and almost certainly would not be my choice. (Now thats a referendum I would love to see:-)
c) my guess is that, like crime, taking out the people committing the crime right now, magically someone else steps into their place. Sometimes someone who yesterday was not committing those crimes.
Hmm, still pretty left wing there...