See the article about the PPS Obama, its evolution of name, mascot and colors.
We spoke AGAINST the name, Obama. If that name was to be used, it should be done after he departs the Oval Office. Until then, a placeholder name, such as Pittsburgh International High School could have been used.
Furthermore, none had a negative feeling to the name, Roberto Clemente. Some have a different reaction to B.O.
Frankly, I think it is bad to have public money being spent on a candidate for office, as will be the case when he seeks re-election in 2012.