Well that's what the headline on Fox News says.
It's not what the NY Times says though -- they say Obama has lost all credibility "on this issue" (the issue of Patriot Act enabled surveillance).
But why bother getting the whole quote right, when a subset of it is more aligned with what you believe and want to be true?
FWIW -- I am not remotely excusing/apologizing for the administration on this, they're dead wrong. The entire mess including the Patriot Act and the totally secret crap it enables is a fiasco.
The Times walked back the first editorial:
President Obama’s Dragnet
By THE EDITORIAL BOARD
Published: June 6, 2013 411 Comments
Within hours of the disclosure that federal authorities routinely collect data on phone calls Americans make, regardless of whether they have any bearing on a counterterrorism investigation, the Obama administration issued the same platitude it has offered every time President Obama has been caught overreaching in the use of his powers: Terrorists are a real menace and you should just trust us to deal with them because we have internal mechanisms (that we are not going to tell you about) to make sure we do not violate your rights.
.
Those reassurances have never been persuasive — whether on secret warrants to scoop up a news agency’s phone records or secret orders to kill an American suspected of terrorism — especially coming from a president who once promised transparency and accountability.
The administration has now lost all credibility on this issue. Mr. Obama is proving the truism that the executive branch will use any power it is given and very likely abuse it
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