The Obama campaign is denying it, of course. And indeed, the context gives their candidate some plausible deniability in that he can claim he was talking about the fake "change" offered by McCain-Palin.

But it is very hard for a reasonable person to come away after listening to both quotes as well as the roaring approval of the crowd and not believe that Obama meant to slime both Palin and McCain.

Here's what he said:

Obama poked fun of McCain and Palin's new "change" mantra.

"You can put lipstick on a pig," he said as the crowd cheered. "It's still a pig."

"You can wrap an old fish in a piece of paper called change. It's still gonna stink."

"We've had enough of the same old thing."