Fran's well incident is said to have occurred 35 years before it aired in 2012. That would set it in 1977 while Jimmy Carter was president. However, it shows an address to the nation about the event by President Reagan who did not take office until 1981.
Greg and Terry interview Francine as if they don't know her or if she has done anything in her life. She had been a surrogate for them and gave birth to their child.