What the hell was Obama thinking? He and his toadies did everything but sacrifice a live virgin on television in their bid to scare the bejesus out of Americans in the lead up to the start of the sequester. Obama and crew played every hysteria card with the exception of portraying the Republicans as sex-crazed zombies hell bent on sodomizing puppies.

Obama demonstrated the utter contempt he has for America and our system of government. He could have seized the moment to exercise true leadership. He could have proposed genuine reforms to entitlement programs and the tax code. Nope. That would have required actually doing some work. Can’t do that–it cuts into his golf game. Instead, he opted to play politics. And he decided to be a complete juvenile dildo in the process.

Barack provided the fawning media the equivalent of a carnival sideshow, except no Bearded Ladies. But we did get Pretzel man. That was Barack. He twisted the truth and the facts about sequester in so many directions that he created a knotted lie worthy of a Harry Houdini trick.

Consider the antics of Obama’s Secretary of Education, Arne Duncan. He came out early in the week with the dire warning:

”Kids are gonna get hurt, kids are gonna get hurt. That’s just the reality,” he said. His visit to the briefing room followed recent appearances by Transportation Secretary Ray LaHood and Homeland Security Secretary Janet Napolitano.

Duncan expressed real frustration with Congress for being unable to avoid the spending cuts due to begin taking effect on Friday. The dysfunction is “unimaginable,” he said, and makes him “angry” because students will be “taking steps backwards because folks in Washington can’t get their acts together.”

But, when subsequently pressed to come up with an example:

Duncan named a single county in West Virginia and acknowledged, “whether it’s all sequester-related, I don’t know.”

And, as it turns out, it isn’t.

Officials in Kanawha County, West Virginia say that the “transfer notices” sent to at least 104 educators had more to do with a separate matter that involves a change in the way West Virginia allocates federal dollars designated for poor children.

She said those 104 notices will ultimately result in the elimination of about five to six teaching jobs, which were likely to be cut regardless of the sequester.

I suppose it does not help the Obama cause that even the Washington Post runs with the headline, “Teacher pink slips claim by Duncan not backed by evidence.” Obama’s lies have been so widespread and over the top that the Washington Post is searching for the puppet maker Geppetto. Why? They’ve awarded so many Pinocchio’s for Obama Administration lies that a full-time Geppetto is needed to keep the wooden liars in check.

This is not to say that the economy is going to do swell. Odds are it will not. The news out of Europe is disturbing and dreadful. Unemployment numbers, for example, have hit new highs and currency woes persist.

I was in the Dominican Republic this week and experienced a first–locals prefer Dominican pesos over the dollar. When I traveled to Santo Domingo in 2010, the taxi driver asked for dollars. Same thing in 2008 and 2003. Not this week. As we pulled up to the hotel the chofer (Spanish for driver) told me he would rather get paid in pesos. That means the dollar is losing value. When the dollar loses value, the wealthy overseas lose their interest in buying our bonds and our goods. This is bad news when you consider that we rely heavily on money from overseas to finance our deficit spending spree.

I will have a longer piece on the economy, hopefully by Monday. Culling the take from several articles out of the Financial Times paints a bleak outlook that will not fill you with a warm fuzzy feeling.

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Larry C. Johnson is a former analyst at the U.S. Central Intelligence Agency, who moved subsequently in 1989 to the U.S. Department of State, where he served four years as the deputy director for transportation security, antiterrorism assistance training, and special operations in the State Department's Office of Counterterrorism. He left government service in October 1993 and set up a consulting business. He currently is the co-owner and CEO of BERG Associates, LLC (Business Exposure Reduction Group) and is an expert in the fields of terrorism, aviation security, and crisis and risk management, and money laundering investigations. Johnson is the founder and main author of No Quarter, a weblog that addresses issues of terrorism and intelligence and politics. NoQuarterUSA was nominated as Best Political Blog of 2008.