NPR reports:

For the first time, the Justice Department has made public a series of sensitive messages that passed to the highest levels of the agency within hours of an ambush that killed a U.S. border patrol agent along the Southwest border in December 2010, igniting a national scandal over a gun trafficking investigation gone wrong.

Justice officials sent the documents to Congress late Friday evening, only a few days before Attorney General Eric Holder isset to testify before the House Oversight and Government Reform Committee.

The email messages show the former top federal prosecutor in Arizona, Dennis Burke, notifying an aide to Holder via email on Dec. 15, 2010 that agent Brian Terry had been wounded and died. “Tragic,” responds the aide, Monty Wilkinson. “I’ve alerted the AG, the acting Deputy Attorney General…”

More evidence that AG Holder perjured himself. Holder openly bragged about the operation but when he testified, he told Congress that he had only gained knowledge a few weeks prior. He’s known since April 2009. This gun trafficking scheme was paid for by Obama’s stimulus.

Only a few minutes later, Wilkinson emailed again, saying, “Please provide any additional details as they become available to you.”

Burke then delivered another piece of bad news: “The guns found in the desert near the murder [sic] … officer connect back to the investigation we were going to talk about — they were AK-47s purchased at a Phoenix gun store.”

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WASHINGTON (Reuters) – The Justice Department issued civil subpoenas to 11 financial institutions as part of a new effort to investigate misconduct in the packaging and sale of home loans to investors, Attorney General Eric Holder said on Friday.

Holder declined to provide specifics, including the names of the firms.

“We are wasting no time in aggressively pursuing any and all leads,” Holder said at a news conference announcing details of a new working group to investigate misconduct in the residential mortgage-backed securities (RMBS) market, “you can expect more to follow.”

President Barack Obama said he directed Holder to create the new unit in his State of the Union speech late Tuesday, saying it was needed to “help turn the page on an era of recklessness.”

On Friday a slew of federal and state officials appeared at the news conference to provide details about the new group.

Housed within an earlier financial fraud task force that Obama created in 2009, it is expected to be staffed with around 50 attorneys, analysts and agents, officials said.

Two task forces?

Some skeptics have questioned whether the new group is largely a political move because the other fraud task force already exists.

Also, the Obama administration has received heat from left-leaning activist groups that believe a separate effort to investigate misconduct in processing foreclosures and servicing home loans may not be rigorous enough to extract a meaningful settlement.

In exchange for providing up to $25 billion in housing relief, much in the form of cutting mortgage debt for distressed borrowers, the top U.S. banks are expected to put behind them government lawsuits about lending and servicing abuses – but not securitization claims.

The banks involved in the discussions include Bank of America, Wells Fargo & Co, JPMorgan Chase & Co, Citigroup and Ally Financial Inc.

All who gave Obama more campaign cash than any other candidate in history.

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WASHINGTON, D.C. – Oversight and Government Reform Committee Chairman Darrell Issa demanded in letter to Attorney General Holder that the Justice Department make Arizona U.S. Attorney’s Office Assistant United States Attorney Michael Morrissey available to speak with Committee investigators about his role in and knowledge of Operation Fast and Furious. His supervisor, Patrick Cunningham, has stated he will exercise his Fifth Amendment and refuse to answer any questions pertaining to Operation Fast and Furious – such an assertion is extremely rare and suggests possible criminal culpability on the part of a high ranking Justice Department official. Morrissey, who reported directly to Cunningham’s and was intimately involved with Operation Fast and Furious.

“Since August, the Department has identified Patrick Cunningham as the best person in the U.S. Attorney’s Office to provide information about Fast and Furious to the Committee,” Issa said in his letter to Holder. “The Department has refused to make Michael Morrissey and Emory Hurley, both Assistant United States Attorneys supervised by Mr. Cunningham, available to speak with the Committee, citing a policy of not making “line attorneys” available for congressional scrutiny. Mr. Morrissey, however, was Mr. Hurley’s direct supervisor, and an integral part of Fast and Furious. Importantly, both Morrissey and Hurley are unique in their possession of key factual knowledge about Fast and Furious not readily available from any other source.”

The Chairman also reiterated that the Justice Department still has not complied with the subpoenas issued to date, including subpoenaed documents from Cunningham, Morrissey and Hurley.

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Be sure to check out the Fast and Furious Investigative website>>>

America Before President Obama Took Office and Now

That’s how Obama rolls. Then the fleet of vehicles goes to the airport where Obama boards that fossil-fueled 747.

Obama is using the Cloward-Piven Strategy. Overwhelm the system so it crashes.

Direct payments. The amount of money the federal government hands out in direct payments to individuals steadily increased over the past four decades, but shot up under Obama, climbing by almost $600 billion — a 32% increase — in his first three years. And Obama’s last budget called for these payments to climb another $500 billion by 2016, at which point they would account for fully two-thirds of all federal spending.

People getting benefits. According to the Census Bureau 49% now live in homes where at least one person gets a federal benefit — Social Security, workers comp, unemployment, subsidized housing, and the like. That’s up from 44% the year before Obama took office, and way up from 1983, when fewer than a third were government beneficiaries.

Food stamps. This year, more than 46 million (15% of all Americans) will get food stamps. That’s 45% higher than when Obama took office, and twice as high as the average for the previous 40 years. This surge was driven in part by the recession, but also because Obama boosted the benefit amount as part of his stimulus plan.

Disability. The number of people on Social Security disability has steadily climbed since the 1970s, thanks mainly to easier eligibility rules. But their numbers jumped 10% in Obama’s first two years in office, according to the Social Security Administration. That sharp rise was due largely to meager job prospects since the recession ended in 2009. When employment opportunities are scarce, experts note, many who could otherwise work sign up for disability benefits instead.

H/T to Investors

That’s the final, pathetic growth number for 2011.

From Business Insider:

From the just-released GDP report:

Real GDP increased 1.7 percent in 2011 (that is, from the 2010 annual level to the 2011 annual level), compared with an increase of 3.0 percent in 2010.

The increase in real GDP in 2011 primarily reflected positive contributions from personal consumption expenditures (PCE), exports, and nonresidential fixed investment that were partly offset by negative contributions from state and local government spending, private inventory investment, and federal government spending.  Imports, which are a subtraction in the calculation of GDP, increased.

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From ABCNews:

LAS VEGAS – President Obama refused to pick favorites in the Republican field or wade deeper into the heated primary-season rhetoric, declaring, “Until the Republicans have a nominee, we don’t have a campaign.”

In an interview with Spanish language network Univision, recorded in Arizona one day after his Tuesday State of the Union address, the president was challenged to defend his own campaign-style speeches as he travels the country. He denied that he is campaigning.

“My general instinct is to focus on doing my job because my attitude is, if I’m doing my job well, people will recognize it, and the politics will follow,” he said. “Some people may interpret that as campaigning. I consider that to be important to my leadership in governing this country.”

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From Politico:

President Barack Obama’s third year in office elicited some of the most polarized job approval ratings ever, as the differences between Republican and Democratic views of the president stood at near record highs, a new survey shows.

In 2011, 80 percent of Democrats approved of Obama’s job performance, compared to 12 percent of Republicans, according to Gallup.

The gap of 68 percent is the fourth-highest on record, going back to the Eisenhower administration, the pollster said.

Only President George W. Bush’s fourth, fifth and sixth years in office showed higher degrees of polarization.

It appears that the past decade has seen some of the most polarized views on the presidency. Together, the Bush and Obama administrations account for the seven most polarized years on record, and eight of the Top 10.

Despite all this, the polarization is likely to get even worse in 2012.

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