President Obama drew a new red line Wednesday amid continuing violence in Ukraine.

"And I want to be very clear as we work through these next several days in Ukraine that we're going to be watching closely and we expect the Ukrainian government to show restraint, to not resort to violence in dealing with peaceful protestors. We've also said we expect peaceful protestors to remain peaceful and we'll be monitoring very closely the situation, recognizing that with our European partners and the international community there will be consequences if people step over the line," Obama said from Mexico, where he is meeting with other North American leaders.

Let's be honest: This is going to work out just as well as the last red line he drew for Syrian President Bashar Assad. Assad is still in power and the deal to remove his chemical weapons -- which prompted Obama's red line -- appears to be unraveling. The White House, meanwhile, is impotently "examining" its options.

The folks in the White House seem to think that everyone in Ukraine — the government, the protesters and the military — are anxiously modifying their behavior to avoid U.S. wrath.

No, it's more likely they're laughing at Obama's impotent bluster — along with just about everyone else.