This is an outright lie, and a blatant one at that:
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. . .”
In actuality, the Fast and Furious program was started in October 2009, nine months into the Obama presidency.
The White House then walked back the statement, saying that, even though Obama specifically said Fast and Furious, he actually was referring to the Wide Receiver program. Wide Receiver was entirely unlike the Gunwalker scandal in that it was done with the consent of the Mexican government, and in that in Wide Receiver the agents actually tried to track the guns, while in Fast and Furious they did not. Even Holder rejected the comparison of the programs.
Moreover, Obama’s claim is still a lie, even if taken to refer to Wide Receiver. Wide Receiver was not shut down by Holder; it was shut down in 2007 after accidentally losing some of the guns.