A buddy of mine e-mailed me this link from WND, which cites Free Republic as the source. Just before his "lipstick on a pig" remark, Obama said:
Watch out, George Bush, except for economic policy, health care policy, tax policy, education policy, foreign policy and Karl Rove-style politics – we're really going to shake things up in Washington!' That's not change ... you know, you can put lipstick on a pig, it's still a pig.
Compare that with the WaPo editorial cartoon by Tom Toles above, which appeared last week.