(Photo: YouTube)

President Barack Obama's reelection campaign has officially gone there.

In an ad released this morning, Mr. Obama takes Republican rival Mitt Romney to task for wanting to take the ax to Sesame Street's federal funding in a rather sarcastic fashion.

"Criminals, gluttons of greed," the narrator stated after ticking off a  list of Wall Street crooks. "And the evil genius who towered over them? One man has the guts to speak his name."

After the "evil genius" is revealed, the narrator, whose dramatic voice would sound better placed in an action movie, continued, "Big, yellow, a menace to our economy. Mitt Romney knows it's not Wall Street you have to worry about, it's Sesame Street....Mitt Romney, taking on our enemies no matter where they nest."

As others have noted, the press release announcing the video did not include spending details, suggesting it's a YouTube-only affair for the moment.

Watch below: