Freedom of speech covers more than just criticizing one's government. Yes, the US government hasn't taken legal action against people who are against the Obama administration yet.
The problem that I see with all the circulating issues with the First Amendment happens to be what is considered peaceable, and what isn't? A lot of people seem to think that just because it offends them, that means it shouldn't be allowed. Outside of my town, on top of a high hill that everyone in town can see, there used to be a large cross that was built up there by the private land owner. Well, a couple of vocal citizens complained because the cross offended their religious views, and they wanted it removed. It went to court, and eventually, it had to be removed. Why? He was expressing his religious views peaceably and not hurting anyone. But someone was offended.
It is absolutely IMPOSSIBLE to go through life and never offend anyone. We have the right to say whatever we damn well please, so long as it doesn't hurt or slander anyone. We also have the right to disagree with whoever, or whatever we wish. Lately, it seems the judicial branch is more in support of whoever disagrees, rather then the rest. If you want to call them wops, jews, niggers, crackers, slant-eyes, or whatever, go ahead. I'm not going to like it, and will more than likely disassociate myself with you, as will most of society, but you shouldn't receive legal recourse for such statements. If you want to place a nativity scene in front of your house, you shouldn't be afraid of offending your atheist neighbor either. If you want burn the American flag in protest to the US government, go right ahead. These are all your legal rights. Just expect social justice to come about when everyone starts exercising their freedom of speech against you.
But you shouldn't have to fear legal recourse. That's the only time I get upset on these topics.