'SNL' Tackles Fiscal Cliff in Cold Open (Video)

Saturday Night Live thinks it’s pretty tough being John Boehner. Bill Hader revived his impression of the Republican House speaker, who, according to the show, has been bullied relentlessly by his own party during recent fiscal cliff negotiations.

our editor recommends

TV Ratings: 'SNL Christmas,' 'Dateline' Gift NBC Demo Win on Friday Night

'SNL' Recap: Jeremy Renner Spoofs 'Avengers,' Sings About Jason Bourne (Video)

'SNL' Tackles David Petraeus' Affair in Cold Open (Video)

'SNL's' Kenan Thompson, Lorne Michaels Developing Comedy at NBC

President Obama (Jay Pharoah) appears with Boehner at a press conference to announce he has decided to give into all Republican demands, promising there will be no new taxes.

VIDEO: ‘SNL' Recap: Anne Hathaway Mocks 'Homeland'; Mitt Romney Boozes on Election Night  

The president had sought to raise taxes on the wealthiest Americans but had a change of heart because of relentless bullying Boehner has been subjected to by Republicans because the House speaker was negotiating with the president.

It started with a rubber snake in Boehner’s desk and progressed to him being pushed into the ladies room and having his pants and underwear stripped off.

“He had one hand covering his genitals, the other trying to cover his butt crack. Neither hand succeeding,” Obama says in the press conference.

VIDEO: ‘SNL' Recap: Jeremy Renner Spoofs 'Avengers,' Sings About Jason Bourne

Obama went on to say he tried to compromise with Republicans, agreeing to dissolve Social Security if the party would raise taxes on just the two wealthiest Americans. But when Boehner brought the deal to Republicans, they invited him to a fake pizza party and pelted him with rotten eggs.  

“Republicans, you win. You get what you want,” Obama says in the sketch. “But you leave this man alone. You leave this poor, orange man alone.”

This week's episode is hosted by Jamie Foxx.