Not a bad summary. The truly telling bit of the story describes how Obama reacted to the 2010 failed underwear bomber; he apparently demanded that his advisors become even more focused on low-casualty measures to destroy al-Qaeda. And it is clear what spurred him to action:
If we don't like the President's policy of killing perceived enemies using drones wherever in the world our spooks identify targets, we have to change what Axelrod's participation flags: as a people we continue to insist that our government respond to every threat, however objectively inconsequential, as if it were existential. While the people continue to demand an illusory absolute security from all hostile dangers, Presidents will continue to twist historic assumptions about sovereignty and law like a limp strand of spaghetti. And our leaders will crow over the bloody results.
Read or listen to it all here.