This is advertised on the Military Channel that I watch a lot. It has been changed to the American Heros Channel but runs lots of Nazi Germany/Hitler stuff. The first time I saw the channel I really did think it was a joke. Turns out it is a joke that people $40 bucks for. That is really a joke.
Looks like that's a copycat idea from the original Trumpy Bear. That bear in your OP was made by the company Esty. They say on their website This is our original Trumpy Bear. It is not the Trump Bear as featured on the TV commercial [etsy.com]
[gettrumpybear.com] (Here's the original as seen on TV)
And if you think this video promo is an SNL skit, think again.
Every day has become a WTF day. In answer to your question, oh hell no!