I have to add to what Caleb said below. This news story has such a terrific quote:

Los Angeles Urban Policy Roundtable President Earl Ofari Hutchinson is calling the depiction, politically mean spirited and dangerous. . . .”Depicting the president as demonic and a socialist goes beyond political spoofery,” says Hutchinson, “it is mean-spirited and dangerous.”

“Demonic and a socialist”. So would it be okay if he were depicted as just demonic or just socialist? One can only wonder.And it is worth noting that what is “dangerous” is not a picture of the President photoshopped as the Joker — what’s dangerous are Barry O’s policies for America.