Actually, Ace says it better:

Obama: I Regret Not Speaking Slower And Using Smaller Words. If I Had, You'd Realize How Lucky You Are I Let You Have Me As Your President

However you want to put it, Barack Obama believes his biggest mistake during his first term was:

"When I think about what we've done well and what we haven't done well," the president said, "the mistake of my first term - couple of years - was thinking that this job was just about getting the policy right. And that's important. But the nature of this office is also to tell a story to the American people that gives them a sense of unity and purpose and optimism, especially during tough times."

If he believes this, he's delusional. 

Does he really believe that leadership is about storytelling? Can he be that ignorant? In fact, his problem hasn't been that he hasn't explained his policies. He's done a credible job at that - when he's told the truth about them. His problem is that people don't like his policies, don't like the results of those policies, and even though they like him personally, the voter thinks he's doing a lousy job.

Arrogant, clueless, and wrong. That's a triple whammy that we've been slapped with by this depthless wonder for the past three years.