Obama must have flunked, or never taken, economics. If fact, I wonder if he passed any of his law school courses, either. He obviously was absent when they taught Constitutional law desribing how the Supreme Court works (and, no, he was never a "professor" of law at U of Chicago, he was only a "guest lecturer" which only means the dean liked him and let him come speak).
I just wonder who is feeding him his talking points. That person also certainly never studied law or economics. He needs better and smarter advisors. Unfortunately, all of them are on the other side of the political fence.