Space or multiple spaces before command causes it to not get logged

[root]

Configuration Information [Automatically generated, do not change]:
Machine: x86_64
OS: linux-gnu
Compiler: gcc
Compilation CFLAGS:  -DPROGRAM='bash' -DCONF_HOSTTYPE='x86_64' 
-DCONF_OSTYPE='linux-gnu' -DCONF_MACHTYPE='x86_64-pc-linux-gnu' 
-DCONF_VENDOR='pc' -DLOCALEDIR='/usr/share/locale' -DPACKAGE='bash' -DSHELL 
-DHAVE_CONFIG_H   -I.  -I../bash -I../bash/include -I../bash/lib  
-D_FORTIFY_SOURCE=2 -g -O2 -fstack-protector --param=ssp-buffer-size=4 -Wformat 
-Wformat-security -Werror=format-security -Wall
uname output: Linux gouch.ihate.ms 3.2.0-24-virtual #38-Ubuntu SMP Tue May 1 
16:38:34 UTC 2012 x86_64 x86_64 x86_64 GNU/Linux
Machine Type: x86_64-pc-linux-gnu

Bash Version: 4.2
Patch Level: 24
Release Status: release

Description:

Putting a space or multiple spaces before a command and executing it causes the 
command to not get logged to bash history file.


Repeat-By:

user@server:~$ pwd
/root
user@server:~$ history
    1  pwd
    2  history
user@server:~$  ls  <------ Note the space before the command
user@server:~$ date
Fri May 25 02:59:43 UTC 2012
user@server:~$ history
    1  pwd
    2  history
    3  date
    4  history