Check out this post on Brad Friedman's site. It's all from a local Republican elections mailer sent out in Virginia. Let me preface this by acknowledging Brad as one of the best and most important bloggers/investigative journos out there.

However, that's not Obama. It's Osama bin Laden. Notice how the original photo has been tinted a la the infamous O.J. Simpson photo on the cover of Time.
I showed the image to a colleague of mine who also thought it was Obama at first, no doubt overtly influenced by the sepia tint. By his and Brad's--and surely the intended recipients'--erroneous IDs, a subconscious connection is made, which is exactly what is intended.
Clever trick, righty ratfuckers. And an old one too. You bastards never quit, do you?