First things first, Phas Gaye Re Obama has nothing to do with Barack Obama per se barring a few fawning mentions from the mouth of desperate immigrants seeking entry into Amreeka. The satire directed by Subhash Kapoor  talks about how everyone including the underworld  conveniently latched onto the recession that hit America. What you can expect from this film, well a few funny gags here and there and some good performances.
 
Om Shastri, an NRI loses all his businesses and money in the recession. He decides to come back to India inorder to sell off his haveli and generate money to save his mortgaged house in the US. Little does he know that he will become a victim of multiple kidnappings and will finally find his way back home only after fleecing and fooling the goons.   
 
Phas Gaye Re Obama proves some very old perceptions wrong. Firstly, that star power is imperative to keep a movie going and secondly, that gags have to be hard hitting to make us laugh. Phas Gaye Re Obama has some lesser known and seen faces that shoulder this satirical comedy so seamlessly that the absence of a big star is the last thing on our minds. The movie has its share of curse words and sexual innuendoes that sometimes appear tad bit crass. It is heartening to see how Indian audiences have evolved in the recent past that films like Tere Bin Laden, Khosla Ka Ghosla and LSD have found so many takers.

The biggest source of laughter in the film is the quirky behaviour of its characters. Use of hyperbole and dash of slapstick make this movie more endearing. The movie boasts of some great performances by  Neha Dhupia, Rajat kapoor, Amol Gupta, Sanjay Mishra and Manu Rishi. For a movie that views satire from a completely different eye in a comic vein, Phas Gaye Re Obama is good attempt by Subhash Kapoor.

But all said and done, the director could have induced some more humour in this film which is technically competing with the likes of Tere Bin laden.