Pretty much... yes. It doesn't take someone particularly knowledgable about the history of racism in America to know that for more than two centuries the Klan and other racists have used imagery of black people presented as apes and monkeys to make the entire race seem somehow less than human. It's that history that makes it appear racist to this very day. In other words, when GWB was portrayed as a monkey it was commonly perceived as a slam against him alone... not all white people. When any black person, including president Obama, is portrayed as a monkey; it is commonly perceived as a slam against not only the president, but an entire race. Get it now?