I am not offended, in fact I had a good chuckle, good play on words with a modicum of truth contained. Must admit it is the first time I have seen, or heard, the phrase.
Ah yes, that hilarious jewish stereotype. Racisim is so funny and Australia is definitely the lucky country that we are free to still make jokes and where black face like it was the 1950s unlike tyrannical hell holes like the US and UK.