Okay, where to start.
A) That is an Israeli website..... credible?
B) That article was posted in August of 2008, If there was any truth to this don't you think there would have been some sort of investigation or light shed on the matter?
C) Where is the evidence that proves that these are in fact Barack Obama's school papers, there is NONE, this is yet another attempt to fuck with the president because he's different.
Hey, lots of people weren't fans of our last President, but no one tried to claim he was a secret Muslim or not a National Amerian. Like it or not he's your president, lay off.