Here is a CNN article discussing the same speech. CNN quotes a much larger section:
They also quote other sections of the speech.
"They would gut things that we've always believed is at the core of making America great - education, science, caring for the most vulnerable." the president to chants of "four more years" in a packed Portland, Maine gymnasium. "They are wrong.
"The idea that you would keep doing the same thing over and over, even after it's proven not to work, that's the sign of madness," he also said of Republican-backed economic policies.
I know that we all know Fox News sucks. But here is a news article, not an opinion piece, which makes no effort to place its headline in anything approximating the context in which it was spoken.
This is no way for voters to get their news.