Obama's statement, strictly read, was very narrowly tailored: "Nobody is listening to your telephone calls."

This doesn't mean they're not being collected, recorded, analyzed, transcripted, read, or cross-corrolated.

Just that there isn't a listener assigned to each and every person in the United States to listen to their phone calls.

As someone who's largely a supporter of Obama, I was instantly left cold by his statement. It assured me of absolutely nothing.