My former UIUC law colleague Gerry Bradley has parsed President Obama's musings on faith and concluded that Obama is "flatly instructing believers that, no matter what they presently think or what their Church teaches, they should think that their religion has no true propositional content."
Obama conveyed the message that one cannot be practically certain about any conviction that is held by faith. He thus implicitly rejected many essential truths of the University of Notre Dame’s Catholic faith, including the truth that it is rationally defensible to assent with certitude to the tenets of the faith.
It's a fascinating essay.