At the time that Obama was born, there was no such provision, and if one of the parents was NOT a US citizen and the child was born outside of US jurisdiction, then the child would have to go through the naturalizaton process.
Quite honestly, I see no reason to believe that Obama was not born in the US, so I think this is a false issue.
I agree. This is a bunch of smoke blowing, and if this is all we have to defeat him, just have Cheney resign, Bush appoint him VP, and then Bush resign and inaugurate him now.
Until someone produces actual, hard evidence that points to his being born elsewhere, this rumor mongering should stop.