Very powerful argument if it were true however Bush's "Wide Receiver" was shut down two years before "Fast and Furious" was born under Obama's watch. Nice try though...
My understanding is that the Mexican authorities were made fully aware of "Wide Receiver" and were supposed to follow smuggled guns to their ultimate destination. Wide receiver was canceled when Mexican Federales dropped the ball by not showing up at the border as US agents watched the ONLY guns to fall into cartel hands dissapear.
Regards,
GtG
PS Original Sin => Bush's fault! (one of his better ideas)
The interesting premise the White House keeps trying to put out is that this was a program started under Bush (false) and that when Holder found out about it, he put a stop to it.
No matter what the truth might be, it isn't that Holder put a stop to a program he didn't previously know about and he has been forthcoming with information to Congress. According to his testimony he didn't find out about Fast and Furious until several months after Brian Terry was killed. By then the program had already been shut down. If he was involved in shutting down the program then he lied to Congress about when he was told of the operation.
The other crusher on this lie is that we are supposed to believe a GS-14 Supervisor and a rogue Assistant U.S. Attorney cooked up this program completely on their own, violating laws and policies that should be well known to both parties. There is no way that is true.