[ChessExpert]

It's a powerful quote. Then again, I've seen some Ann Coulter quotes that look bad.

Oftentimes, the problem and the solution pertain to context. How much context? I think this practice is usually sufficient: the paragraph before, the paragraph in question, and the next paragraph. All the missing text, denoted by the ellipsis “...” should be included also. Then we could see that the text, as presented, fairly captures BHO's intent.

[Winged Hussar]

It’s not out of context. The surrounding material shows clearly that Obama was criticizing his classmate for not being “Black” enough.

[torchthemummy]

All the missing text, denoted by the ellipsis “...” should be included also.

That I completely agree with. (Paraphrasing) "I am proudest of my brother(...) he converted to Islam" could be pages away from each other for all I know. There is a very good chance that this is exactly what meant but just like the editing of Palin's ABC interview with Gibson all I care about is being fair as one can be.