Government gun running

Have you heard about this? Doesn't this have bad idea written all over it?

On March 28th, I had a post on the Big Government website that highlighted the details of the Bureau of Alcohol, Tobacco, and Firearms (BATF) ‘Operation Gun Runner.’ This operation, sometimes called by the name ‘Fast and Furious,’ entailed selling thousands of guns to known Mexican criminals in the U.S., allowing the weapons to be carried into Mexico, and tracing the movement of the guns in hopes of catching major players in the Mexican Cartel.
The problem with this plan is that it didn’t work. Of the 2,000 to 2,500 guns that were sold, only 1,300 (approximately) have been recovered: which means that right now, as I type, 1,200 guns are passing hand to hand between cartel members and others in Mexico.
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Won’t it be great if Congressman Issa can find out who authorized these operations and why the objections of numerous BATF Agents were suppressed, among other things?
Clearly, somebody within the administration authorized the illegal sale of those guns to individuals with known cartel ties. And perhaps the same person, or somebody else, knew those illegal guns were then being smuggled across the border. As of now, all we know is that the BATF and the Justice Department knew about the operations. But thanks to Congressman Issa, we may know much more in the days immediately following April 13th.

Someone said it was a good idea to let loose a bunch of real guns loose in to the hands of Mexican cartel members. Then, sit back and let the data roll in about where these guns were going. Then when fellow law enforcement officers from the U. S. start getting killed by the guns, to start denying everything and cover for the higher ups before all the walls come crashing down. Did I miss anything?