It would mean absolutely nothing.
Although it’s never been explicitly defined by anyone, scholors by in large all agree the term “natural born citizen,” means that you are a citizen of the United States and you were that way from the moment you were born.
In otherwords you are a citizen and you didn’t have to take out any papers or go through any legal process to achieve that citizenship.
It makes no difference where Obama was born because his mother was a citizen. That automatically makes him a US citizen regardless if he was born in Kenya or the South Pole.
There currently is no one that disputes Obama is a citizen. Everyone agrees Mr Obama is a citizen.
He took out no papers to achieve that citizenship, thus he is natural born. It’s logical.
Children born to women who are citizen are automatically citizens of the USA.
Note: this doesn’t apply to children of men. There is somewhat of a double standard that came into play after WWII.
War babies in WWII were given US citizenship automatically if their dads were Americans regardless of their mothers.
However during the Korean War and continuing through Vietnam and to today, a child born to a foreigner and a Male. US soldier (who is a citizen) isn’t automatically a citizen. So there is a bit of a difference.
If Mary is a US Marine and a citizen any child she gives birth to anywhere, regardless of the father IS a US Citizen by birth. They get this through the mother.
If Bob is a US Marine and a citizen and his child is born to Phyllis a foreigner his child is NOT automatically a citizen from birth, and there are steps that Bob would have to take to make this happen.
Thus there is a double standard.
But as for Mr Obama, no problem his mother is an American that made him a US citizen the day he was born regardless of his father or place of birth. The fact he took out no papers to achieve citizenship status affirms from the moment of birth he was a citzen.
So he would be a natural born citizen and to argue otherwise is possible but would fail pretty much in a half a minute.