Here's what Obama said (from HuffingtonPost):
"We can dismiss Reverend Wright as a crank or a demagogue, just as some have dismissed Geraldine Ferraro, in the aftermath of her recent statements, as harboring some deep-seated racial bias.
But race is an issue that I believe this nation cannot afford to ignore right now. We would be making the same mistake that Reverend Wright made in his offending sermons about America - to simplify and stereotype and amplify the negative to the point that it distorts reality.
The fact is that the comments that have been made and the issues that have surfaced over the last few weeks reflect the complexities of race in this country that we've never really worked through - a part of our union that we have yet to perfect. And if we walk away now, if we simply retreat into our respective corners, we will never be able to come together and solve challenges like health care, or education, or the need to find good jobs for every American."
The key word in the passage is the "But" that begins the second paragraph. That, rhetorically, tells us that he is going to reject the previous position. It's the same as saying, "Some say we should dismiss Wright & Ferraro. And they're right BUT we should not dismiss the issue that they raised, BECAUSE
their remarks and the response PROVE we haven't solved the race problem.
In other words, Obama is saying look beyond the offensive statements, don't make this about the person (ad hominem), but look at what the remarks and response tell us about ourselves. When we do that, we can see our choices clearly: retreat into the corners again, or come together. (Beatles, anyone?)