President Barack Obama admitted on Wednesday there is little he can do about the Presidential Medal of Freedom Award presented to now disgraced comedic legend Bill Cosby back in 2002.

"There is no precedent for revoking a medal," he said of the movement now afloat to rescind the 77-year-old's award in the wake of dozens of women coming forward alleging they were once drugged and sexually assaulted by him. "We don't have that mechanism," the President added.

According to RadarOnline, while the president declined to directly address Cosby or the allegations leveled against him, he left little doubt what side of the issue he stands for.

"If you give a woman -- or a man for that matter -- without his or her knowledge a drug and then have sex with that person without consent, that's rape," he said.

Recently released court documents reveal Cosby once testified under oath that he gave Quaaludes to the women he wanted to sleep with.

"I think in this country, any civilized country, should have no tolerance for rape," Obama added. Then-President George W. Bush bestowed the Medal of Freedom award on Cosby in 2002.

Cosby gave his damning testimony during a 2005 videotaped deposition hearing looking into claims of sex assault raised against him by Andrea Constand.

RadarOnline previously reported Cosby responded "yes," when asked, "When you got the Quaaludes, was it in your mind that you were going to use these Quaaludes for young women that you wanted to have sex with?"

Later in the deposition, he added "I met Ms. [redacted] in Las Vegas. She meets me back stage. I give her Quaaludes. We then have sex."

Cosby and his attorneys have long denied all the assault allegations made against him.