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'SNL': President Obama Celebrates His Reelection On 'Weekend Update' (VIDEO)

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As we might have expected, Jay Pharoah's President Obama basked in his reelection victory on "Saturday Night Live" this weekend by gloating to Seth Meyers on "Weekend Update."

After giving challenger Mitt Romney a "one-debate head start," Obama was surprised that the GOP lost so easily. He jokes that watching Romney run for President was like watching a person on rollerskates try to walk upstairs and mocks the party for not focusing on Latino voters:

"Republicans: you don't wanna talk about immigration reform? OK. The number of older white men in this country are shrinking. Meanwhile, a hispanic gay woman is born every eight seconds."

Watch the segment above!

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