Why? I mean it's a common rhetorical move for all kinds of reasons and most of them aren't good, so just by pattern matching sure I guess. But also one of the two political parties in the US is openly contemptuous of the institutions of the state and is blatantly attempting to undermine trust in and power of our elections and legislature. You can't really both-sides that one and it's not hyperbolic to describe it as a threat to democracy.
Your last point I mean yes, certainly. But what do you expect from obama here? He's a millionaire monster war criminal like all american presidents always have been, he's not going to ask us to tear down his own house. That one is on us if we want it to be different, no one with any appreciable power under the circumstances has anything close to a reason to change it.