According to Wikipedia, the term negrito is a diminutive of the word "negro" and "is used, as a term of endearment meaning "pal", or "buddy" or "friend"," similarly "to the use of the word "nigga" in urban communities in the U.S.".
Here is a rough translation of the video:
Q: Do you think the "gringos," as you call them, would allow an invasion of Honduras promoted by Chavez?
A: They'll allow anything. The United States are not the defenders of democracy. First, the President of the [U.S.] Republic, the black boy, who I respect, doesn’t know where Tegucigalpa is. We know where Washington is and we’re obliged, as a small country, a democratic pygmy, to clarify these concepts for him and to tell him, maybe in his own language, what’s going on.
In the same interview, as reported by the Argentinean daily El Clarín (also in spanish), Ortez referred to Obama as "that know-nothing black boy".
"Con todo, los golpistas dejaron en claro su posición el lunes, por boca del nuevo "canciller", Enrique Ortez Colindres. Cuando en un popular programa periodístico de la TV hondureña le preguntaron por las reacciones internacionales frente al golpe de Estado, dijo sin reparos que no le atribuía importancia alguna a la OEA y a "los otros grupitos que andan por ahí", le pidió a José Luis Rodríguez Zapatero que "vuelva a sus zapatos" y aseguró que no iba a hablar de El Salvador "porque no vale la pena hablar de un país tan chiquito, en el que no se puede jugar al fútbol porque la pelota se cae a otro país". Pero fue por más al definir al presidente de los Estados Unidos, Barack Obama, como "ese negrito que no sabe nada de nada"."
The coup leaders made their position clear on Monday, through the new "foreign minister", Enrique Ortez Colindres. When asked by a popular Honduran TV journalist about the international reactions against the coup, Ortez said without hesitation that he believes the OAS and "the other little groups around here" to be irrelevant. When asked about Jose Luis Rodríguez Zapatero, Ortez said that he should "mind his own shoes," ["zapatos", a play on words that is lost in translation] and that he was not going to talk about El Salvador "because it is not worth talking about a country so small that people can't even play soccer without the the ball ending up into another country ". Ortez also referred to the President of the United States, Barack Obama as "that know-nothing black boy."