"Financial straights remain dire. We've got to remember, I did not star the fire. It was Notorious GOP," Obama raps in the video.
Renaissance man Atkin is both an Australian lawyer and viral video-maker (which explains why Australian Prime Minister Julia Gillard appears briefly). He is also responsible for 2008's "Barack Roll."
Notable deaths of 2014 [PHOTOS]
Soviets call Reagan joke 'dangerous' [ARCHIVE]