My first thought was, what’s with Michelle’s afro? Obama’s outfit and the Osama painting and even Michelle’s rifle and ammo clip all suggest a coherent (if toothless) theme: that the Obamas are secretly Muslim terrorists.
The Afro is, I guess, meant to suggest 70s-era black nationalism: a second “fear,” which is that the Obamas and particularly Michelle are black militants or Communists or otherwise “un-American.”
This cover is about blackness as much as it is about “terrorism” or any other purportedly race-neutral satirical point that can be made about it. And I think that’s where the fault line is: the smooth blending of blackness with terrorism, foreignness, and danger that lies beneath the “secret Muslim” whispers.