Well, Michelle Malkin’s simple comment is here.
Ace of Spades has more coverage here.
So what do you think? Please watch the video and see Obama’s comment in context. The crowd shrieked after he said, “lipstick on a pig.” They certainly think it meant something.
I just wonder why, if we wasn’t making a veiled attack on her, he would even take a chance with this drama.
We know he cannot talk about his army of community organizers or how much that will cost the American taxpayer. Maybe he is really getting desperate?
We’ll see.
And here’s the video:
UPDATE:
Victor Davis Hanson’s insight at NRO.
In all the furor over the Obama “pig” quote, commentators forgot to examine his entire attack:
“You can put lipstick on a pig. “It’s still a pig.”
“You can wrap an old fish in a piece of paper called change. It’s still gonna stink.”
When read in the entire context you can see what he seems to mean with his dual animate male/female references and why he probably evoked two metaphors: most would think that Obama is talking about both on the ticket and his anger how each has expropriated his change motif.
So in that sense he appears both to insult the 72-year old McCain as the “old fish” that is still going to “stink”, and to refer to Palin, who had famously evoked the metaphor of lipstick in a nationally televised address, as still the pig despite the lipstick.
The fact that he used two metaphors to attack the two, and used expressions referring both to age and Palin’s recent use of “lipstick” don’t seem to be accidents and that’s why the cooing crowd got the old fish=McCain;lipsticked pig=Palin immediately.
I’ll leave it to others to deconstruct the historical use of pig as a sexist term in the recent climate of generic attacks on Sarah Palin.

[...] Above My Pay Grade! [...]
[...] Obama: “Lipstick on a Pig” « Above My Pay Grade! [...]
Look who’s squealing now, Obama!
This is an outrage.
Somebody already made a Tshirt! See link below
http://www.cafepress.com/newhorizondes/5815133
http://www.cafepress.com/newhorizondes/5925697
McCain has become quite the politician since he got his party’s nomination… he has proven time and again that his strategy for winning is based on personal attacks and distracting people from the main issues
Obama was talking about ideas. One, lipstick on a pig is an extremely common political euphemism that people use all the time, including John McCain himself referring to Hillary Clinton’s healthcare plan. It means to try to make some minor adujustment to make an ugly thing look good. Secondly, you can put an old fish statement”, the old fish is also representing the old failed policies, accusing McCain in part of exactly what the context of his speech was, and that is not having an acceptable economic plan.