The site is a clone of the official Barrack Obama website and features one bogus story written in Engrish:
“Barack Obama’s inauguration that was planned on 20th January 2009 is under the threat of failure. On the Eve of Inauguration Day President-elect Barack Obama made statement. He declared that he is definitely NOT ready for this position. Analysts say that Barack Obama has refused to be next president because he recognized inconsistency of his plan of stimulating USA economy.”
Those unlucky enough to be reading the story on the bogus website will found out sooner or later that they have been infected with the WaledJs-A malware, which will later attempt to download and execute several filenames and scripts.
The good news is that Barack Obama’s inauguration is already old news, so chances are that almost nobody will fall for this cheap trick.