Too much even for PolitiFact.
Check it out:

During his Sunday “Meet the Press” appearance, President Obama brazenly lied to host Chuck Todd about his January reference to ISIS as “JV.” That’s not my judgment, it’s the judgment of PolitiFact, a site created to protect Democrats. This time, though, Obama went too far, even for a leftwing site like PolitiFact:

Obama said his JV comment “wasn’t specifically referring to ISIL.” He was not specifically asked about Islamic State, but it’s pretty clear this is the group that was being referenced in the conversation. The transcript backs this up, as do news events from the time of the discussion.

We rate the statement False.