With the nation’s economy showing little signs of recovery and President Obama’s once stellar approval ratings taking a deep dip, the Commander-in-Chief is feeling the heat from sketch comedy classic Saturday Night Live.

This weekend’s show opened with a parody of Obama’s news conference with China’s president that included one-liners about the administration’s spending on economic stimulus, health care reform, bailouts, Cash for Clunkers, and the nation’s $800 billion debt to China.