We can just turn this one over to Jake Tapper:
Asked about the Fast and Furious program at the Univision forum on Thursday, President Obama falsely claimed that the program began under President George W. Bush.
“I think it’s important for us to understand that the Fast and Furious program was a field-initiated program begun under the previous administration,” the president said. “When Eric Holder found out about it, he discontinued it. We assigned a inspector general to do a thorough report that was just issued, confirming that in fact Eric Holder did not know about this, that he took prompt action and the people who did initiate this were held accountable.”
In actuality, the Fast and Furious program was started in October 2009, nine months into the Obama presidency.
Previous programs involving ATF agents allowing guns to “walk” across the border so as to trace them were run during the Bush presidency, but not this particular “field-initiated program.”