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The Strata Sphere is all over this story.

Confessed terrorist Faisal Shahzad was removed from the Department of Homeland Security travel lookout list sometime after Barack Obama came into office.
CBS reported:

Sources tell CBS News that would-be Times Square bomber Faisal Shahzad appeared on a Department of Homeland Security travel lookout list – Traveler Enforcement Compliance System (TECS) – between 1999 and 2008 because he brought approximately $80,000 cash or cash instruments into the United States.

The New York Times reported that the person who bought Faisal’s apartment back in 2004 was interviewed by federal investigators.

George LaMonica, a 35-year-old computer consultant, said he bought his two-bedroom condominium in Norwalk, Conn., from Mr. Shahzad for $261,000 in May 2004. A few weeks after he moved in, Mr. LaMonica said, investigators from the national Joint Terrorism Task Force [JTTF] interviewed him, asking for details of the transaction and for information about Mr. Shahzad. It struck Mr. LaMonica as unusual, but he said detectives told him they were simply “checking everything out.”

Barack Obama began shutting down Bush-era terrorist investigations last year including the investigation of Faisal Shahzad.
We all know what happened next.
Last week Faisal almost blew a hole in the middle of Times Square.
The only thing that saved the people of New York was Faisal’s incompetence.

UPDATE: Faisal Shahzad had contacts with several other terrorist leaders including the radical American-born Muslim cleric Anwar Awlaki, the Taliban Chief, and the Mumbai Massacre mastermind.
ABC reported:

Shahzad also had a web of jihadist contacts that included big names tied to terror attacks in the U.S. and abroad, including the figure who has emerged as a central figure in many recent domestic terror attempts – radical American-born Muslim cleric Anwar Awlaki.

Besides Awlaki, sources say Shahzad was also linked to a key figure in the Pakistani Taliban, its Emir Beitullah Mehsud, who was killed in a drone missile strike in 2009. The Mehsuds had been family friends of Shahzad, who is the son of a former high-ranking Pakistani military officer.

Do you feel safe now?

      Shahzad, 30, a Pakistan-born U.S. citizen, has been in custody since shortly after midnight. He was hauled off a plane in the nick of time as it was about to fly to the Middle East. CBS 2 obtained air traffic control recording intended to stop the pilots from taking off. The controller alerts pilots to “immediately” return to the gate.

In the end, it was secret Army intelligence planes that did him in. Armed with his cell phone number, they circled the skies over the New York area, intercepting a call to Emirates Airlines reservations, before scrambling to catch him at John F. Kennedy International Airport.

for the  criminal complaint filed Tuesday

for the article: http://wcbstv.com/local/times.square.car.2.1674692.html

Brian Maloney gives us this entry for the Someone Left the Irony On Department, in which Contessa Brewer tells Stephanie Miller that she’s really unhappy that she couldn’t use the Times Square bombing attempt to prove Tea Party “bigotry.”  Never mind that this clip shows the bigotry of Brewer in relation to conservatives — that all of the opponents of Barack Obama and the Democrats are somehow the equivalent of the Hutaree militia in Michigan.  Brewer really wanted a way to smear conservatives, and now she’ll just have to wait a little longer:

      By the time that we emerged from church services on Sunday morning, the media was already painting the Time Square Car Bomb attempt as “home grown”, “Timothy McVeigh-like”, and “right wing lunacy”. Whether it was one of the talking heads, or the likes of the ever-insolent Sen. Charles Schumer, the goal of their voices was to lessen the possibility that the bomb attempt was tied to Islamic radicals, and to create the greater impression that we have more to fear from those “dangerous” individuals, you know, like the Grandma’s in Quincy, Il.

       Using one of President Obama’s overused phrases, “Let me be clear”, the members of law enforcement, at all levels, worked swiftly and cautiously in quickly getting this matter to the arrest(s) that have occurred. The federal agencies have shown that they may have learned a thing or two as a result of the Christmas day bomber fiasco and the manner in which they publicly handled it. I believe that is the primary reason that Attorney General Eric Holder personally made the announcement if the arrest of Faisal Shahzad at 1:30AM today.

      Despite reports that the suspect claims to have worked alone, we have now learned that there have been several arrests in Pakistan this morning, possibly some family members and others.

      So, instead of adopting their stance of political correctness, downplaying the role of Islamic radicals, perhaps our “leaders” should make that a primary focus in our ongoing intelligence situations, and cease painting the Tea Party Grandma’s as violent threats!