Smiling Friends had a perfect season 1 (Not counting the Brazil gag episode) and the first episode that was released for season 2, Gwimbly, was arguably the best episode of the entire series.
Sadly, Mr. President is just a poor showing in every way. I don't care about the political satire, the episode is just not funny. The real life president character is disgusting and I could not stand to look at him. Besides that, it was just a boring episode. Nothing really hit in the episode. Not sure where the writers were going with this one. Hopefully the rest of the season will pick back up where Gwimbly left off and this season gets back on track.