This is what we call fair and balance reporting from FOX news! “Fox and Friends Presents” production produced a four-minute video attacking Pres. Obama on its Wednesday show.

“We decided to take a look back at the president’s first term to see if it lived up to hope and change,” host Gretchen Carlson asked at one point, introducing the video.

Watch:

Update: Bill Shine, the executive vice president for programming at Fox News, issued a statement addressing the controversial video:

“The package that aired on ‘Fox & Friends’ was created by an associate producer and was not authorized at the senior executive level of the network,” Shine said. “This has been addressed with the show’s producers.”