It sure looks that way. Ed Morrissey cites a Center for Public Integrity report that finds the Coast Guard, whose budget was slashed by a third under Obama, so badly botched the response to the explosion (not even following their own guidelines for such responses) that their actions probably caused the rig to sink, which in turn caused the leak.
No wonder they’ve been wanting to “keep their boot on BP’s throat.” They can’t blame Bush for this.
But don’t worry, I’m sure they’ll do a great job running the country’s health care system.