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Mitt Romney Makes Headlines With Elaborate Obama Joke: 'President Obama Went to the Bank…\

"Now when you're running for office people tell you, you shouldn't tell jokes. But I'm not running for office, so I can tell one."

Former Republican presidential nominee Mitt Romney introduces Mia Love, the Republican nominee in Utah’s 4th congressional district, during a rally Wednesday, Oct. 8, 2014, in Lehi, Utah. Romney hosted the rally and fundraiser for Love. (AP Photo/Rick Bowmer)\n

Former Republican presidential candidate Mitt Romney used humor to jab President Barack Obama while speaking at a political rally for Iowa Republican Senate candidate Joni Ernst on Sunday.

"Now when you're running for office people tell you, you shouldn't tell jokes. But I'm not running for office, so I can tell one," Romney said.

Former Republican presidential nominee Mitt Romney introduces Mia Love, the Republican nominee in Utah’s 4th congressional district, during a rally Wednesday, Oct. 8, 2014, in Lehi, Utah. Romney hosted the rally and fundraiser for Love. (AP Photo/Rick Bowmer)

After seemingly ruling out speculation that he is planning to run for president in 2016, he then told an elaborate joke that he got “on the Internet from a family member."

Read the full joke as transcribed by National Journal below:

President Obama went to the bank to cash a check and he didn't have his ID. And the teller said you've got to prove who you are.

He said, "How should I do that?" She said the other day Phil Mickelson came in, he didn't have his ID but he set up a little cup on the ground, took a golf ball, putted it right into that cup so they knew it was Phil Mickelson. They cashed his check.

And then Andre Agassi came in. And Andre Agassi didn't have his ID either. He put a little target on the wall, took a tennis ball and racquet– hit it onto that target time. We knew that was Andre Agassi so we cashed his check.

And she said to him, "Is there anything you can do to prove who you are?" And [Obama] said, "I don't have a clue."

And she said, "Well, Mr. President, do you want your money in small bills or large bills."

One last thing…
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