A carnival float representing a fallen Barack Obama, with the words "Obama as messiah" on his shirt, is pictured during the traditional Rose Monday carnival parade in the western German city of Duesseldorf, February 15, 2010. The Rose Monday parades in Cologne, Mainz and Duesseldorf are the highlight of the German street carnival season.
Looks like it translates to, "Obama, the Loser," to me. Either way, it looks like the rose is off the bloom in Germany.
The translation of Erloser from Ferman is savior. The picture presumably refers to a recent movie, "Jesus Christus Erlöser" (2008). It appears as though Obama was compared to the latest Klaus Kinski character.