King George: One law for me, one law for thee

Once again, Bush quietly slips a signing statement in when signing a law — this time, the renewed
Patriot Act  — basically saying he doesn’t have to follow the law.  Remember, this was a change to the Patriot Act supported by Republicans and Democrats alike to put Congressional oversight of some of the more nefarious provisions into law.  But Bush says the Constitution allows him to ignore it. By that logic, is there any law that the President is obliged to uphold?  Doesn’t that make him less a leader of a consitutional democracy, and more of a monarch … or dictator?