That hater alarm is sounding off and Obama took the bomb from my name

from Eminem – Seduction Lyrics on Rap Genius

Meaning

Saying that both he and President O-bomb-a are “the bomb” (90s slang for “the coolest”)

Eminem basically blazed the trail for Obama being “black president” by starting the “weird colors trend”; as Chris Rock would say:

You know the world is going crazy when the best rapper is a white guy, the best golfer is a black guy, the tallest guy in the NBA is Chinese, the Swiss hold the America’s Cup, France is accusing the U.S. of arrogance, Germany doesn’t want to
Go to war, and the 3 most powerful men in America are named Bush, Dick, and Colon

To help improve the meaning of these lyrics, visit “Seduction” by Eminem Lyrics and leave a comment on the lyrics box