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Mark Steyn has an interesting perspective on this bit of symbolism:
I see the Obama campaign has redesigned the American flag, and very attractive it is too. Replacing the 50 stars of a federal republic is the single “O” logo symbolizing the great gaping maw of spendaholic centralization. And where the stripes used to be are a handful of red daubs, eerily mimicking the bloody finger streaks left on the pillars of the U.S. consulate in Benghazi as its staff were dragged out by a mob of savages to be tortured and killed. [read the rest here]It was a bright cold day in April, and the clocks were striking thirteen.
George Orwell, "1984", first sentence