Yep the whole "fake a terrorist threat to launch a war for oil" subplot is ugly and hopefully will cost them viewers.
It is the motive even if there are "other" bad guys.
I guess they didn't learn after re-shooting last season to respond to CAIR's complaints.
I think the point is, Walt's shallow motives have got him way over his head with people he does not have control of. The plot isn't that the threat was contrived, or was never real, it is real, and Walt was stupid enough to think he could use evil people for his own ambitions and get away with it. That's a good and fair plot, and a common one (Mrs. Palmer did the same thing, remember?) and has nothing to do with this administration. I don't even see a REMOTE resemblance. If all you see is "fake WMD threat and war for oil" you aren't looking at the big picture.