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A Crisis of Credibility

A Crisis of Credibility
Second-term agenda? What second-term agenda? At this point, Barack Obama has far more pressing issues at stake: The credibility of this administration, and quite frankly the integrity of our government as a whole. As blatantly outrageous as the IRS targeting conservatives may be, it's infuriating to know that the person investigating such egregious violations (Eric Holder) is equally as corrupt and himself involved in a current scandal – the secret seizure of AP phone records. Add that to the list of other scandals we've seen involving Obama's Department of Justice, including Fast and Furious which led to the death of American Boarder Patrol agent Brian Terry. In other words, how can we trust that we will even get to the actual truth of the matter on any of these issues? Holder has zero credibility, so why should he be trusted with this investigation? The scary answer is that we no longer feel we can. That is a crisis. For more on this, check out

Who's Going To Jail?
Congressman Boehner fights back This morning, House Speaker John Boehner made headlines. On the issue of the IRS, Boehner says, "My question isn't about who's going to resign, my question is, who is going to jail?” That's a very bold statement, with which I would agree. The IG released its report to the public late last night. You can read it here. The fact is that the more we learn of the intrusive nature of these questions, the more outrageous the story becomes.

Outrageous Statement of the Day: Julian Bond
It's very rare that a scandal emerges in Washington that unites people from all sides of the political spectrum. The IRS targeting of conservative groups is this rare exception. For the most part, people from all political beliefs inherently recognize the danger of using the IRS or any political enforcement agency to target specifics groups for their beliefs. However, there are always exceptions. NAACP Chairman Emeritus Julian Bond told MSNBC yesterday that this targeting was “entirely legitimate.” He called Tea Party members “a group of people who are admittedly racist, who are overtly political, who’ve tried as best as they can to harm President Obama in every way they can.” He even went as far as to call them the “Taliban wing of American politics,” whom everybody should be worried about.

Show Guests

Michele Bachmann

Michele Marie Amble Bachmann (born April 6, 1956) is the United States Representative of Minnesota's 6th congressional district and member of the Republican Party . She is the third woman and first Republican woman to represent Minnesota in Congress. She defeated her Democratic challenger, Elwyn Tinklenberg , in the 2008 election in a race that had gained national attention following her controversial televised call for the media to investigate members of Congress for perceived anti-American bias, including Democratic presidential candidate Barack Obama . The 6th congressional district includes the northern far suburbs of the Twin Cities along with St. Cloud . She won 50 percent of the votes in the 2006 election , defeating Minnesota Democratic-Farmer-Labor Party candidate Patty Wetterling and the Independence Party 's John Binkowski . Bachmann served in the Minnesota State Senate from 2001 to 2007.

Rand Paul

Randal Howard "Rand" Paul (born January 7, 1963) is an American ophthalmologist and politician who describes himself as a "constitutional conservative". He is the third child of Republican Congressman Ron Paul of Texas. Paul is the chairman and founder of Kentucky Taxpayers United. In August 2009, Paul officially announced his candidacy for the United States Senate seat held by retiring Senator Jim Bunning of Kentucky. Paul, a lifelong Republican, won the party's primary election on May 18, 2010. He then defeated Kentucky Attorney General Jack Conway in the general election on November 2, 2010.

Rick Santelli

Rick Santelli joined CNBC Business News as on-air editor in June 1999, reporting live from the floor of the Chicago Board of Trade. His focus is primarily on interest rates, foreign exchange, and the Federal Reserve. A veteran trader and financial executive, Santelli has provided live reports on the markets in print and on local and national radio and television. He joined CNBC from the Institutional Financial Futures and Options at Sanwa Futures, L.L.C. There, he was a vice president handling institutional trading and hedge accounts for a variety of futures related products. Prior to that, Santelli worked as vice president of Institutional Futures and Options at Rand Financial Services, Inc., served as managing director at the Derivative Products Group of Geldermann, Inc., and was Vice President in charge of Interest Rate Futures and Options at the Chicago Board of Trade for Drexel, Burnham, Lambert. Santelli began his career in 1979 as a trader and order filler at... More >