More and more I'm finding the theory less crazy that the administration never intended to track the weapons, and that they were in fact designed to promote the idea that free flow of arms across the border requires tighter gun laws. Is that paranoid? Definitely - but the alternative seems to be complete and total stupidity. They had no means of tracking these weapons - did they really think they'd be able to accomplish that? Or was "tracking" meant to be exactly what happened, which was that eventually they'll turn up at a crime scene and we can say that this or that gang that we believe perpetrated the act was using these guns. And even then, what does that accomplish?
This whole thing looks bad, and no wonder that the White House doesn't want to give up documents. Regardless, the administration owes an explanation of who cleared this, what their thought process was, how they expected this to work and what they believed they would accomplish.