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Did he lied about IRAQ - ABSOLUTELY.
The reason why we are in Iraq is because of OIL (and his personal agenda to one up his father). Every reason this administration presented to the American public for going into Iraq - you can apply that same criteria to North Korea (and NK's WMDs are big fucking Nuclear), but you will never see Bush sending troops to that country. And remind me again - how is Iraq directly related to 9/11? And now - is he thinking of Iran? WTF?!
And you call him Smart? Adolf Hitler was a Brilliant person and he certainly had command of his language.
If your boss, manager, leader - repeatedly and constantly makes mistakes and dumbfounded bloopers in his/her speech and rhetoric, you will believe he/she is pathetic and stupid especially if there has no hint of improvement.