Okay okay, you probably won't believe much of this, but the King George Jr. series is going for two things:
1. Political comedy for people that don't really know much about the government, and who will just laugh because they post GEORGE BUSH SUXORZ in forums.
2. A parody of people like the above and a general parody of political satire.
It works both ways. It just takes a weird sense of humor to laugh at the second one.