Obama's "Oliver!" Oscar Moment

If Barack Obama has hosted the Oscars instead of Seth Whatsisname, he wouldn't have sung "We Saw Your Boobs." He'd have sung this:

I'm reviewing the sequestration.
Why'd we have to go and instigate those cuts?
Now we have trials and tribulations
And a recession's looming--crap!
What were we--nuts?
We must forestall that day of reckoning,
Catastrophe is beckoning.
We won't accept GOP guff,
Can't emphasize that fact enough.
They're rich and bad and mean you ill.
How many people will they kill?
Whereas my fellow Democrats
Are laying out the welcome mats
For people who can't see what's clear--
Our debt is in the stratosphere...
I think I'd better think it out again!

 

Update: Why was Michelle Obama at the Oscars?

Update: The Oscars, the Obamas and Camelot