He is saying that there is a level of terrorism that he is willing to live with.
Obama is a Muslim and is making the Caliphate possible. Or at least, trying.
His double talk statements are an effort to appease us and at the same time appease the Muslim Brotherhood and others.
In other words, he his telling us he is going to cut them down to size but sending them a signal that they need to cool it and stay on their side of the street.
Just like gang warfare in Mexico or Chicago.
“You got your territory, stay on that side of the street.”