Hey, Dear Barack, I know you just a puppet but I'm giving you props
You lying to the public like it ain't nothing and I just love it, I hope it don't stop
Barack Obama — President of the United States, is just a figurehead and is helping hide the truth from society. Even though Barack isn’t in charge of all the activity behind the scenes, he is playing a part by helping to hide the truth. There is also some irony in the fact that Ab-Soul uses the word ‘hope’ while referencing the President, whose campaign slogan was the same.
Barrack is just a puppet (such as in a stage play) and although He’s being used Ab is giving him props for his ability to deceive (and props on a stage). But puppets can’t use props anyway so its useless.
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