They're saying that Obama is an anti-American socialist or communist who is spending $1.7T a year more than the government brings in and who has bungled every decision he has made since taking office (with the exception of choosing a dog). They're saying it is bad for the government to nationalize health care, banking, manufacturing, and other industries. They're saying that freedom is good but dying under Obama/Pelosi. You're right, I can't find any lies either.
And anyhow he should have chosen a cat.