"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."
Who is the person who is upset about someone else preaching a message of change? Obama.
Who is the person who is preaching that message? McCain.
If the piece of paper is called change. then what is the old fish called?
Obama using the word called suggests that the symbols of fish and paper have real life meanings.
There is no denying that Obama is equating McCain with the old fish and therefore, the pig in lipstick is who?
Obviously, according to the crowd and all the other comments about Palin, it is none other than Sarah Palin.
This is not rocket science.