The Bobcat Nation

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I have noticed uproar on this email both on local and national websites today. I may be missing something, and understand how it is offensive to the president, but how is this joke racist? I am assuming with all the uproar i am just missing an obvious point. Thanks in advance to anyone who wants to bring me down from the clouds and clear this up for me.

i see this is in another thread, will post question there. feel free to delete mods.