I only mention this because the left has been going nuts with ANY Michelle Bachman "mis-statement" possible. John Wayne being from IA rather than Waterloo, saying "USSR" rather than Russian, etc.
BO got mixed up between "First Republican President" and "Founder of the Party". So what?? Well, NOTHING, except this is EXACTLY how "Stupid Republicans" are made.
If BO was a Republican this would be pointed out as egregious "failure" ... but as it is, it is only mildly covered by the more moderate to RW press and the illusion of BO "intelligence" lives on.