Why yes, he is insane.
Via White House Dossier:
Has the president lost touch with reality?
“The idea that somehow they pose a more significant threat than all the tourists who pour into the United States every single day just doesn’t jive with reality,” Obama said during an appearance in the Philippines. “So my expectation is after the initial spasm of rhetoric, the people will settle down, take a look at the facts, and we’ll be able to proceed.”