Mr. Obama is an empty suit, a narcisissist, less bright than everyone seems to think, completely and utterly inexperienced in "real world" work situations, so it is impossible for him to admit he has no idea of what to do.
Worse still, the advisors he has hired are all Clinton retreads, and from the "b" team as well. THEY don't know what to do either.
I know what to do, see Tom Jefferson.