"the President does have the right to take extraordinary measures to protect this country."
(The following is based on this story being proven to be true)
No President has the right to supercede Constitutional law. Like Clinton's perjury proved, no President- including Bush - is above the law.
When you don't know the law, as you apparently don't, you ought to avoid making BS claims. In fact, the Foreign Intelligence Security Act permits the government to monitor foreign communications, even if they are with U.S. citizens -- 50 USC 1801, et seq. A FISA warrant is only needed if the subject communications are wholly contained in the United States and involve a foreign power or an agent of a foreign power.
Chew on that a while.