Obama's overall point is valid, i.e. that the world today isn't as bad as people make it out to be. People think it's worse than it is.
But the same can be said about the past as well. Past centuries had their problems sure, but they weren't as bad as many people make it sound.
One example is that many people today still believe negative myths about the Middle Ages that originated during the so called Enlightenment and fit in with their own anti-Medieval biases. Medieval people did not think the Earth was flat. And there were many smart and highly educated people back then, and great works of art and architecture.
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