Obama Admits He Underestimated ISIS - Really?

Could it be that the U.S. intelligence agencies are failing to do the one job they have to do?

The Taliban and al-Qaeda still are major players in global terrorism, but the year 2014 – so far – has undoubtedly belonged to the Islamic State (ISIS).

ISIS quickly established itself as the most brutal, vicious and inhumane terrorist group despite being just 10 months old. It reared its atrocious head right in front of our eyes, and no one could do anything about it.

Recommended: Who Are ISIS? A Quick Guide For Dummies.

In an interview with CBS' "60 Minutes," Obama revealed that his government underestimated the strength of ISIS and put too much faith in the Iraqi army's ability.

"Well, I think our head of the intelligence community, Jim Clapper, has acknowledged that I think they underestimated what had been taking place in Syria," Obama told Steve Kroft.

President Obama may just as well have admitted that he and his administration were napping while ISIS built a 100,000-strong army and flaunted beheadings on the Internet.

The fact that America has spent an eye-watering $1.492 trillion on the war on terror, yet it is prone to oversights like this one, is a terrifying thought. Its 17 intelligence agencies alone had a combined budget of $52.6 billion last year – a figure greater than the budget of 110 countries.

The Taliban and al-Qaeda have been relatively quiet this year, and the U.S. government has been detached from the Ebola outbreak as well, which makes their inefficiency on the intelligence front even more intriguing.

Here is Obama’s interview:

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