It's a bluff. A feint. A thinly veiled threat. It's not intended to actually come to pass. One of the things Obama proposed is to move the keys to the friggin kingdom from government controlled servers to nebulous "third parties". And in the very same damn speech he pointed out how this would be a ludicrously bad idea.
(Well, I mean, he also suggested that the telcom companies who move this data keep it until the NSA asks for it. That or third parties. I don't mean to harp on a stray comment or anything.)
But let me spell out the subtext here for anyone that can't read between the lines: If you try and keep the government from storing this data, we'll just go find someone else to hold it. And my, my, my, doesn't that sound just simply horrible? Be a REAL SHAME if someone were to try and enforce that 4th amendment 'round here.
Also, fuck beta. I have no way to tell if someone responded to me other than looking at that specific thread.