Yep, and as a lawyer you'll notice the key word is "coordinate" in #2, not "direct." The Stafford Act does not give him authority to override/direct any state/local govt's, but to try to maximize coverage and minimize duplication of effort. So, for example, the LA DHS has the authority to tell the Red Cross not to go to New Orleans, so then the President "may coordinate" with all the organizations involved in order to best try to get the people to the Red Cross instead. He can't just call bull and send the Red Cross in anyway...