It may not be "politically correct" but it was a VERY accurate description of what the President and his flunkies are doing.
As well as his opponents, and all of the media commentators.
So what's the point? it's like accusing him of breathing. Everyone involved in the campaign is doing it.
You don't have to make a thinly veiled racial slur out of it, though.
And don't try to pretend it wasn't, how many times did Palin use that phrase in the past?