While we do not know exactly how old the Earth is, we do know that the Bible is a faux-history, and completely wrong.
Just a simple examination of fossile evidence easily proves that the Earth is much, much older than what the bible indicates. So whether scientists are off base or not about how many millions or billions of years, really isn't the point. The Bible we know is easily shown to be false.
Obama's answer shows a cowardice towards confronting the untruths of Religion. This isn't surprising since he also ends every single speech with the worn (and fascist) cliche of: "god bless america".
This Nation, which was supposed to be founded on freedom of religion, is hopelessly enslaved by just one variation of it....and the vice-grip is so strong that no political leaders ever dare speak in conflict of it.
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