As far as I'm aware, contempt votes have to follow pretty much the same process as bills. Last I heard the contempt vote was in committee and was expected to pass. Not that any of you will admit he lied even if he gets held in contempt. It will just be a Republican witch hunt.
Here's where I think you're confused; the contempt vote against holder has nothing to do with any "lies". Holder has retracted two statements he made to congress - one being the Feb. 4th 2011 letter that stated "[the ATF] makes every effort to interdict weapons that have been purchased illegally and prevent their transportation to Mexico." (This wasn't true, as F&F allowed it for tracking purposes) & the other a letter that identified former AG Mukasey as having been briefed on a predesessor to F&F, Operation Wide Receiver, when in fact he had been briefed on a different Gun Walking Program - but neither of those retractions are related to the contempt vote & they're only outright lies if you're a partisan hack.
As far as what Issa thinks might be there, had Holder just turned over the requested documents like he is legally bound to do, there wouldn't be any speculation.
Issa's looking for proof that this whole thing was a secret evil plan for Obama to ban automatic weapons (At least, thats what he told the NRA in April). He's found no evidence on either the White House or Holder even knowing about the program before it was shut down. What Issa really wants, is to embarrass Obama. A lot of the documents he's requested, that Obama has denied him with E.P., deal with both the WH's & DOJs response to the investigation & the media. A lot of that stuff is political advice & it is probably pretty embarrassing (How do we spin this in an election year? etc.) It'd be good for pubbies, bad for the WH, & has nothing to do with F&F itself.
The executive privilege is supposed to apply only to the president, not cabinet members or anybody else Obama wants to put that umbrella over. Obama stated publicly recently that he heard about F&F on TV not too long ago, therefore none of the documents from last year can apply to him and executive privilege would not apply.
Your reasoning is odd.
I'm not even trying to claim that Holder was personally involved in the F&F operation. I am claiming that he lied about when he found out about it and is not trying to cover his ass by not turning over documents that may have proof of that lie. Even if they don't have proof, the Oversight committee is still entitled to review them.
Time running in a straight line in everything; why would you reason that documents after F&F was shut down would prove he knew about it while it was going on & not documents during its running? Because everything released so far HASN'T shown that Holder or the WH knew about it? Lack of evidence isn't proof of guilt, buddy.
Oh, and earlier Gbaji was trying to list all of the times Obama just thumbed his nose at the law. He forgot appointing Hillary as Secretary of State, a position which she is not legally allowed to hold right now. But with everything else he's done, no reason why something minor like that should be remembered.
What Joph said.