I want the sorry idiot out of office as bad as anybody, but I do have to post the history of modern Presidents that have used Executive Privilege in the past.
President Ronald Reagan: 3
President George H.W. Bush:1
President Bill Clinton:14
President George W. Bush: 6
Obummer: 1
Presidents have the right to invoke executive privilege to preserve the confidentiality of information and documents in the face of legislative inquiries.
Presidents have asserted that privilege 25 times since 1980
Yes they have the right to invoke it. However, it's not always upheld in court. I think Obama will havce a very difficult time proving it's applicability here if Congress takes him to court on it.
Obama and Holder are absolutely arrogant enough to force their hand. I for one hope they do!