Drunken Negro Face Cookies!

Am I the only one to find the idea of a bake good named "Drunken Negro Face Cookies" offensive? I received the below video in an email and it made me angry enough to "chew bricks". The cookies in question were supposedly used to celebrate the Inauguration of President Obama. On that day the cookies were referred to as "Obama Heads". The Greenwich Connecticut baker who sells these cookies does not see why anyone would have a problem with these cookies and that the women (who happen to be Caucasian) who reported the story are overreacting. What do you think? Should all people find this appalling and racist or am I being overly sensitive?