In a hilarious new ad by Karl Rove linked group American Crossroads, President Obama is portrayed as a rogue James Bond type character and possible Russian double agent whose main mission is to weaken America.

The video spoofs Obama's open mic moment with Russian President Dmitry Medvedev that occurred earlier this week in Seoul, South Korea.

Obama asked Medvedev for space on certain issues, particularly on missile defense.

This is my last election, said Obama. After my election I have more flexibility.

The exchange was picked up by their open microphones as reporters left the room.

Karl Rove wrote in a blog post on Fox News that by telling Mr. Medvedev and his patron, the once-and-future Russian President Vladimir Putin, that he will have 'flexibility' after the American election on Russian demands opposing a US missile defense for Europe, Mr. Obama is in effect saying he is ready to do something the Russians will like but that the American people won't.

Mr. Obama has shown Russian leaders, and now the entire world, weakness, he wrote.

Now Rove has taken it one step farther, releasing a video Friday that stars Obama as 'President Flexible,' Medvedev as 'Dr. Transmitkov,' and current Prime Minister Vladimir Putin as himself, shirtless on horseback.

It opens to a spectacular scene of what appears to be a military parade at Moscow's Red Square. Footage of the Obama- Medvedev exchange is spliced throughout the video, highlighting Obama's more flexibility comment on missile defense and Medvedev agreement to stand with the president on this issue.

A woman imitating a version of Bond's boss says in a voiceover:

Your mission is simple, Mr. Obama: Win one last election to gain unchecked flexibility, weaken our defenses, and fundamentally transform the world, she says amid shots of nuclear disaster.

The video is entitled 'Operation Hot Mic: You Can Only Run Twice.'

It closes with this warning America can't afford the risk.

Check out the video below.