Obama's New Campaign Banner

It's a work in progress. I've got another version where I actually copied the letters from the original banner (it sits atop his regal main web page), but there's too much color confusion and mismatching for me to work it. I'm thinking about busting out the polygonal lasso or whatever it is (I haven't Photoshopped in ages), but the letters might be too small to be used effectively. If any readers are into Photoshop and want to give me pointers, feel free to...