In part, the future President blames this on the current economic system: "There are many who will defend the 'free market.' But who will defend the single mother of four working three jobs. When a system is allowed to be free at the expense of its citizens, then it is tyranny."
However, the President also singled out the American Constitution: "... the Constitution allows for many things, but what it does not allow is the most revealing. The so-called Founders did not allow for economic freedom. While political freedom is supposedly a cornerstone of the document, the distribution of wealth is not even mentioned. While many believed that the new Constitution gave them liberty, it instead fitted them with the shackles of hypocrisy."
It is yet unknown if more of this thesis will be released. It was also noted that the President received an A- for the paper, which later led to his graduation.
UPDATE: This has turned out to be a hoax. But as
Ray points out, there's plenty of non-hoax evidence that we shouldn't be surprised to find that the real thing reads just like this.