Did you watch the video itself??? There are NO CAPTIONS! The captions are from a .gif made by Potlatch.
You must be looking at a different youtube Liberty. I did screen captures of each of those pictures, so the words were on them.
The last few frames of Obama are from a gif I made long ago, the ones with IDIOT.
There is apparently more than one version of this floating around. I watched this on Breitbart.com earlier this morning, and there were huge, bold captions right in the center of the screen every time the word “Obama” was allegedly heard.
I have listened to this many times. In some places I do hear what sounds like three “syllables,” but only because several people are saying “O God” at different times. I can very clearly hear the final “D” every time.