Pathetic: 54 months in office and Obama is still blaming Bush

President Obama is playing the blame Bush card over the deficit with donors. This sells with liberals, but the rest of us aren't buying it anymore.

(Reuters) – President Barack Obama said on Monday he inherited many of the country’s problems with high debt and deficits when he entered the White House, sounding a theme likely to dominate his 2012 re-election campaign.

Speaking at a Democratic fundraiser, where families paid $15,000 to get a picture with him, Obama defended his economic record and noted that problems in Europe were affecting the United States.

“We do have a serious problem in terms of debt and deficit, and much of it I inherited,” Obama said. The financial crisis, he said, made the problem worse.

Democrats and Republicans agreed to a deal to raise the debt ceiling and cut government spending last week, but credit rating agency Standard & Poor’s downgraded the United States, contributing to a steep fall in stock markets on Monday.