Yes, but... pointing it out...
ADDED: I got a few emails this morning pushing me to do a Drudgtaposition post based on the bloody handmark photograph and the Obama flag graphic. But Drudge didn't put up the handprint photograph next to the flag graphic. Not that I saw. He put up that flag graphic with the text "OBAMA SELLS 'OUR STRIPES' FLAG...", linking to the campaign's merchandise page.
ALSO: It seems to be widely believed that the red stripes on the American flag are red to represent blood (the "blood of patriots").
UPDATE: I'm sorry. It was too subtle for me even with multiple emails pointing me to it. Drudge did have the handprint next to the flag. Here's the screen grab: