It has to be explained because conservative hacks like Limbaugh purposefully mischaracterized the statement and presented it out of context to you. You contemptably and incompetently consumed his lies and fail to actually take it upon yourself to research the issue and think about it critically.
Oh, and I don't think you understand the meaning of "projection."
Great, good job on the degrees. I am also well educated (JD). You should take an out when it's given, because if you only had comprehension problems, then you could at least plausibly deny understanding Obama's statement. The alternative is that you willfully chose to ascribe a false meaning, which makes you a very contemptable person.