Obama, speaking of his family's financial situation: "We’re not that far removed from what most Americans are going through."

From an inane interview with ABC with consumer reporter Elizabeth Leamy, who makes a lame effort to convey the impression that she's going to enlighten viewers about the new financial reform law. Leamy exclaims that Americans don't know what's in the law, as if she's about to extract that information from the President. Spoiler: She's not.

Laughing, she hefts the 2,000 pages and shakes them at the President, and he laughs too and jokes "Don't hurt yourself." She laughs more. Ha ha. Isn't funny?! She recites a seemingly memorized question that ends with "Persuade me that this law matters to ordinary Americans," and then she lets the President gets away with simply asserting the purpose of the law: consumers will have lots of new "security and protection." But what's in the 2,000 pages that gives "security and protection"? Obama doesn't have to say.

Leamy cites some examples of "unintended consequences," and Obama looks a little uncomfortable but quickly plugs in a sound bite about how consumers are going to get "more information." Why is that an answer? There will be unintended consequences, but somewhere, in writing, you will get told about them? And that's it for the subject of what's in the law, as the interview moves on to whether Obama will appoint Elizabeth Warren — Leamy calls her "Elizabeth Warden" — to head the new agency.

At this point, less than 3 minutes into a 6 1/2 minute segment — did ABC edit out some more substantive material? — Leamy slips into the subject of what it all means for Obama and his family.

"What are you and the First Lady teaching your daughters about money?" That has nothing to do with the 2,000 page law that we've learned nothing about. We're into the touchy-feely, news-for-women part of the morning show. For the first time in the interview, Obama compliments Leamy on her question: "You know, it's a great question." Ha. Translation: Oh, good, we're through the hard part of the interview. Obama says that the girls get an allowance and "may be able to earn some of their own money babysitting." How could that possibly happen? How many Secret Service agents would have to come along? Anyway, Leamy is reduced to giggling and raising her hand in a silly, girly "pick me!" gesture as if Malia or Sasha would babysit her kids.

Leamy asks about Obama's own retirement fund. "Can you feel the pain?" Oh, lord, does she  think she's interviewing Bill Clinton and that Obama would emote "I feel your pain"? I imagine he's thinking: You know, that's a stupid question. Do you have any idea what a fountain of wealth I am? If I ever ran short, I could hire a ghostwriter and do another autobiography or 2.

But he has to be nice and he has to take the political opportunity. He rambles through an answer that includes the quote I put in the post title. Yes, we laughed when he said that, but, seriously, what was he supposed to say? It's Leamy's fault for not asking serious questions about how the new law would work and for indulging herself and disrespecting her viewers with mushy family stuff about the Obamas.