The picture is too small to see (and I'm to lazy to try to enhance it) but above the "2008" it says "President". Actually, the picture of the word "President" is about as dim as Blago's chances of being a presidential nominee.
The good news is, you can opt for the money-saving package of 100 magnets. That'll about cover the front of your beer fridge. You know the one you have to be visiting about 24 times a day to believe President Blagojevich could be a reality.
Hat tip to The Capitol Fax Blog and The Inside Dope.