Was President Obama wrong in 2012?

“Governor Romney, I’m glad that you recognize that al-Qaeda is a threat, because a few months ago when you were asked what’s the biggest geopolitical threat facing America, you said Russia, not al-Qaeda,” Obama said.  “The 1980s are now calling to ask for their foreign policy back because the Cold War’s been over for 20 years….When it comes to our foreign policy, you seem to want to import the foreign policies of the 1980s, just like the social policies of the 1950s, and the economic policies of the 1920s.”