I lied. The Kanye West and Taylor Swift story isn't over yet. TMZ got its hands on the audio of Barack Obama saying that Kanye's a you-know-what.

Immediately after Barack insults Kanye, the crowd laughs and Barack tries to backtrack, saying, "Nooo. Nooo. I'm assuming all of this. Where's the pool? Cut the president some slack!"

I dunno about you, but I think Mr. President just got himself some new fans.