In other words: Bush’s fault.

(LA Times) — While acknowledging that “change is hard,” President Obama touted the nation’s economic progress on his watch during a celebrity-studded fundraising stopover Wednesday night in Los Angeles.

Addressing a crowd of about 1,000 at an outdoor reception, Obama needled Angelenos about the weather — “You’re all cold. This is balmy, people” — then talked about the change he promised in the 2008 campaign, and the depth of the nation’s economic troubles when he took office.

“We did not fully comprehend at that point how deep this crisis would be,” he said, then mentioned the increase in jobs in recent months. “Don’t underestimate the changes we made.”

He said the U.S. auto industry was saved, and asserted that “2.6 million young people have health coverage who wouldn’t otherwise have it” had it not been for the healthcare law that he championed.

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