Not at all. He said it in the context of the people in their own communities can fear young men of color because they are their prey. Kinda like that shop keeper who looked like he feared Michael Brown. Obama acknowledged there is a problem in communities and there needs to be a coming together of schools, churches, parents, community leaders to find solutions.
I do wonder if Brown and Wilson had previous encounters because on the video it sure appeared Brown had previously encountered the clerk. Wilson was called from another call in the same part of town so if that is his regular patrol sector, perhaps these two had a history of confrontation. I can't figure out a better explanation for Brown's alleged taunting of him and then bum-rushed him. He basically did the same thing with the clerk. He left and then doubled-back to get in his face.
JMO