"And the award goes to … " features Obama, House Minority Leader Nancy Pelosi (D-Calif.), Sen. Max Baucus (D-Mont.), and targets by name Reps. John Barrow (D-Ga.) and Nick Rahall (D-W.Va.).
In it, Pelosi receives the award for "most in denial," and she says in a clip that "It's almost a false argument to say we have a spending problem."
Baucus is awarded "most honest about Obama's sequester," and a clip of him saying "The White House recommended it, frankly," plays.
And "for creating the sequester, the award for worst idea goes to President Barack Obama himself. And for their award-winning roles in Obama’s sequester: John Barrow, Nick Rahall, and other liberal Democrats," a voiceover says. The ad calls for viewers to "help fight the Obama sequester" and visit the NRCC's website.
The ad is a riff off of Sunday night's Academy Awards, at which first lady Michelle Obama presented the award for Best Picture.
And it drives the message, promoted by Republicans, that the looming automatic across-the-board cuts known as sequestration were Obama's idea, and thus any negative ramifications are Obama's fault.
It's unclear how much the NRCC is putting behind the online ad.
Watch the ad: