On one hand this is great. The President of the United States promotes computer science education. On the other hand he talks about it primarily as a vocational subject. Something that will lead to a two year degree and an apprenticeship. I think that missed to point of computer science being a liberal art that all (or at least most) students should take.
The best part though is at the very end when he talks about the need for students to be creators and not just consumers.