He is already president in his own mind. According to the New York Times, "It is emblazoned with a fierce-looking eagle clutching an olive branch in one claw and arrows in the other and is deliberately reminiscent of the official seal of the president of the United States. Around the top border are the words “Obama for America;” across the bottom is the campaign’s Web address."
Our research team has found several commentators swear the seal was designed by Shep Fairey, who did the "Progress" poster and also hides his devil's pentangle in most of his "drink the Obama Kool Aid" works. Weird stuff.