So, Are They Stupid or do They Think We are Stupid?

WaPo gives Obama three Pinocchios for “halfway” claim « Hot Air: "Actually, Glenn Kessler had already given Barack Obama two Pinocchios for claiming that he had met the Republicans “halfway” on budget cuts. Incensed, the administration dumped data and charts on Kessler’s desk and asked him to reconsider his assessment. Kessler gamely agreed to do so and indeed changed his mind … to score Obama’s claim as an even bigger deception than he had first thought:"

Probably a little of both. Ultimately, they're too stupid to recognize that we're not as stupid as they think we are.