http://www.politifact.com/truth-o-m.../what-obama-said-about-islamic-state-jv-team/
Remember ISIS is the JV team:
Remnick: "You know where this is going, though. Even in the period that you’ve been on vacation in the last couple of weeks, in Iraq, in Syria, of course, in Africa, al-Qaeda is resurgent."
Obama: "Yes, but, David, I think the analogy we use around here sometimes, and I think is accurate, is if a JV team puts on Lakers uniforms, that doesn’t make them Kobe Bryant. I think there is a distinction between the capacity and reach of a bin Laden and a network that is actively planning major terrorist plots against the homeland versus jihadists who are engaged in various local power struggles and disputes, often sectarian."
Remnick: "But that JV team just took over Fallujah."
Obama: "I understand. But when you say took over Fallujah –"
Remnick: "And I don’t know for how long."
Obama: "But let’s just keep in mind, Fallujah is a profoundly conservative Sunni city in a country that, independent of anything we do, is deeply divided along sectarian lines. And how we think about terrorism has to be defined and specific enough that it doesn’t lead us to think that any horrible actions that take place around the world that are motivated in part by an extremist Islamic ideology is a direct threat to us or something that we have to wade into."
This pretty much leaves no doubt. Obama may not have specifically said Islamic State, but it’s clear he was talking about them. Remnick was referencing events in Syria and Iraq, particularly the takeover of Fallujah, which was conducted by Islamic State, and Obama referred to the group responsible for thatas "a JV team."