One of those rare moments when we have to give Obama credit for getting it right, and there's really no caveat to attach to the credit? Er, mostly. Apparently the context is that he's just finished slamming people who criticize colleges for being too liberal, so take that into consideration. Even so, how can you quarrel with what he says here?
What he says is correct, of course, so he deserves credit for it and we herewith extend it. Nice job, Mr. President.