Unfortunately for the current president and administration they seem to make a lot of sense. They are sounding more and more plausible.
The two major ones – Arms being sold and exchanged -
GAFFNEY: The real reason behind Benghazigate Was Obama gun-walking arms to jihadists?
Major point: The evidence suggests that the Obama administration has not simply been engaging, legitimating, enriching and emboldening Islamists who have taken over or are ascendant in much of the Middle East. Starting in March 2011, when American diplomat J. Christopher Stevens was designated the liaison to the “opposition” in Libya, the Obama administration has been arming them, including jihadists like Abdelhakim Belhadj, leader of the al Qaeda franchise known as the Libyan Islamic Fighting Group.
The second major conspiracy theory is that the ambassador was supposed to be kidnapped and exchanged for the Blind Sheik. Presto! Instant October surprise. This is at a number of sites I am not sure if this is the original one or not but read about that theory here: http://www.westernjournalism.com/muslim-brotherhood-behind-benghazi-attack-with-link-to-obama/
Key paragraph: What is most shocking, however, is that a source within the White House states that it was arranged as an October surprise by Barack Obama. Obama, in order to make the release of the Blind Sheik more palatable to the American people, and to boost his sagging approval ratings, arranged with the Muslim Brotherhood to kidnap Ambassador Stevens. Then, days before the election, acting the part of the hero, planned to release the Blind Sheik in exchange for Ambassador Stevens.
So there you have it. Read them, then you decide what you think. There may be more theories come to light. It really doesn’t matter what we call it, we lost an Ambassador and three others due to the neglect of the administration. It is shameful and for the most part the larger media ignored it for at least one month, now the storm has sucked all the news air out of the room on any other event.