No, this isn't a joke. Creator Jason Feinberg is a fan of Hillary Clinton, and he wants to immortalize her in the form of an action figure that will surely terrify young kids everywhere.
From Feinberg's KickStarter site:
We started with one simple goal; to make Hillary Clinton into an awesome iconic action figure. Basically, we're hoping to kick off some light-hearted excitement about her campaign and the amazingly cool prospect of America getting its first woman president.Actually, this four-inch piece of plastic would be less annoying and a much more effective leader than the real thing. If only this version could get on the ballot next year.
After months and months of work, we're all ready to go!