I would agree with most if not all of your statements and assertions. They make a lot of sense.
The question is Was Lolo Sotoro an American Citizen?
If he was not, then Obama is still in the same boat. He could not be a natural born citizen no matter where he was born.
Even if born in Hawaii, he would only be a “native born citizen” as he states on his website.
In order to be natural born he would have to be born of a mother and father who were american citizens.
That's an assertion that does not have the weight of a Supreme Court decision behind it. Most scholars believe that the 14th Amendment renders the argument moot and anyone born on U.S. soil would become a natural born citizen. I believe that the court, if asked the question, would agree with that position. The fact that no challenge to Obama was raised when he claimed to be born of a Kenyan father and an American mother is a foreshadow of what a court might rule, but we'll never know until a case is brought. BTW, Lolo Soetoro was never an American citizen.