Mr Obama? Hello?

President Obama on July 25, 2011 - official White House transcript.

“The fact that we are here today to debate raising America's debt limit is a sign of leadership failure...Leadership means that ‘the buck stops here.’ Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better. I therefore intend to oppose the effort to increase America's debt limit.” Senator Barack Obama, March 16, 2006.

More here or here.

"Leadership failure"??????

And BHO in an April 2011 tv interview: "...that was just a example of a new Senator, you know, making what is a political vote as opposed to doing what was important for the country. And I'm the first one to acknowledge it..."