I quite agree, pnac. Just because something similar happened under the Bush administration does not excuse this fiasco.
Both were wrong.
The problem here is that under Wide Receiver, the operation was stopped when they noticed that their (limited) safeguards were bypassed and 450 guns were walked. Under Fast & Furious, no safeguards were used and it didn't stop until a US Border Agent was murdered.
Over at Pajamas Media,
Bob Owens lays out the differences and calls for heads to roll under both administrations.