Egypt ? Al-Qaida’s No. 2 slurred Barack Obama with a demeaning racial term for a black American who does the bidding of whites in a new Web message Wednesday intended to dent the president-elect’s popularity among Arabs and Muslims and claim he will not change U.S. policy.

Ayman al-Zawahri’s speech was al-Qaida’s first reaction to Obama’s election victory — and it suggested the terror network is worried the new American leader could undermine its rallying cry that the United States is an enemy oppressor.

Al-Zawahri said Obama was the “direct opposite of honorable black Americans” like Malcolm X, the 1960s Muslim African-American rights leader, who is known among some in the Arab world and seen as a symbol of anti-imperialism.

Al-Zawahri also called Obama — along with secretaries of state Colin Powell and Condoleezza Rice — “house Negroes.”

The video included old footage of speeches by Malcolm X in which he explains the term, saying black slaves who worked in their white masters’ house were more servile than those who worked in the fields.