“Mr. President The leader the Moujahed Saddam Hussein, God protects and shepherd him”
The emblem says: “Allah protects Iraq and Saddam”
As jveritas noted "a picture is stronger than words".
Note also that these two things: 1) As far as I remember (I haven't looked for the reference) this painting was found in a campus connected to an air force school. 2) In one of the documents jveritas translated the authorities were looking for pilot "mujaheedins". The document was pre-911, and it was considered by those who know such things that it was directed against Israel. But are we really sure? No real evidence, but enough to make you wonder.
That picture does seem a bit too convient to discount as bluster.