Usage of "blew it"

[Garliclover]

The gist of Clinton’s speech was that today's global food crisis shows how "we all blew it, including me when I was president," by treating food crops as commodities instead of as a vital right of the world's poor.

Could someone explain what does BLEW IT means here? Thanks

[Gray]

Hi Garliclover,

The 'blew it' here means they didn't take the issue seriously. It was their big mistake to call food crops as commodities.

~Gray.
_________________
First lesson - English, not english. I, not i. ~A student of English

[Garliclover]

Thanks Gray

[Miliica]

that's right, blew up, means f..k up here.... and we all know what to f..k up means....
I don't want to be crude, but that's the best sinonim for this....

[Garliclover]

thank you so much. it is quite clear now.