It wasn't Babylon Bee. It was politics. (And yes, the OP is false propaganda - Obama's words were cropped and taken out of context).
The Republicans did to Obama what they complain about with the Democrats and Trump. They produced propaganda to spread on social media - or they fell for the propaganda other Republicans made.
"A video shared hundreds of thousands of times on Facebook is edited to falsely depict former president Barack Obama rejecting democratic ideals and calling for individuals to submit to totalitarianism. The clip shows Obama making a speech in which he says, “…and for the international order that we have worked for generations to build. Ordinary men and women are too small minded to govern their own affairs. That order and progress can only come when individuals surrender their rights to an all-powerful sovereign.” The excerpt lacks context and is misleading."
False claim: Obama rejected democratic ideals by saying that “ordinary men and women are too small minded to govern their own affairs”
Edit - by Republicans I mean some Republicans (the "followers" or "disciples" of the GOP). I was a Republican at the time, but like many I avoided propaganda.