Is the President above the Constitution?

Unless you haven’t overcome the shock of the tragic death of the king of pop, you know the Honduran Military has ousted the sitting President. Condemnation has poured in from leaders around the globe, even President Obama expressed immediate deep concern.
Here are the facts as I currently know them:

1. The now ousted President Zelaya has been in office since 2006

2. According to the Honduran constitution, presidents are allowed only one term of four years

3. Zelaya wanted to hold a referendum to change the constitution giving him the potential to extend his hold of power

4. The Supreme Court of Honduras had deemed the referendum illegal

5. Despite this, Zelaya pushed for the referendum

6. Hours before the polls were supposed to open, the military stepped in and removed Zelaya from office

If I have my facts wrong, please feel free to correct me.

If they are correct then there are a lot of questions:

President Obama urged Honduras to “respect the rule of law.” Isn’t the constitution of a nation and the Supreme Court which rules on it THE rule of law for a land?

The European Union called for a “swift return to constitutional normality.” Isn’t that what the military move was attempting to do?

Is the president of any land above the law? Above the Supreme Court? Above the Constitution?

If any sitting president in power can simply change the foundation of a land to suit his/her individual needs, on what foundation can the land exist?

Why was it so important for Mr. Zelaya to force his country into chaos simply for one more term? Who is to blame here?

Is this about ousting a democratically elected president, or saving the nation and dealing with what was deemed by the supreme court to be a criminal act?

What would happen in the US or any country, should the president, with congressional power, decide to change the Constitution to fit his/her agenda?

Are we familiar enough with our constitution to know when it is being attacked?

Which do we defend? Which takes precedence, the President or the Constitution?