'Peezy' Obama on Kanye West's 'Cray' Political Ambitions

At a Democratic National Committee fundraiser at the Warfield Theater in Oakland, California, on Saturday evening, President Obama became the latest and most consequential politician to weigh in on Kanye West's vow to run for president... and he did so with humor.

President Obama teased the topic by saying of the controversial rapper, who was the event's musical guest, "A little bit later, you're gonna hear from a guy who I hear has been talking about launching a potential political career. You may have heard about this: Kanye is thinking about running for Speaker of the House. It couldn't get any stranger."

The joke was a barb aimed at House Republicans, who are having a tough time getting an electable candidate to throw his or her hat into the ring for the position, which is third in line to the presidency.

"But in case Kanye is serious about this whole POTUS thing, or as he calls it, 'Peezy,' I do have advice for him," he continued. "First of all, you've gotta spend a lot of time dealing with strange characters who behave like they're on a reality TV show, so you've gotta be cool with that... Second... saying that you have a beautiful, dark, twisted fantasy [the title of West's 2010 album] ­that's what's known as 'off-message' in politics — you can't say something like that. There are a lot of people who've lost their congressional seats saying things like that. You don't do that."

Check out the video to assess the president's comic timing during his Kanye monologue: