How President Obama is spending our money (and his):

• $787 billion in stimulus funds as payback to political pals;
• $328,000 for a photo op of Air Force One over the Statue of Liberty;
• $2,000 for a puppy;
• And $500 for a courtside seat;

The Republican National Committee tells the story in a political satire, whose production is mediocre at best but whose storyline packs a big and amusing punch.

(Hat tip to my friend Ed Morrissey of Hot Air.)