If the previous 10 minutes was talking about financial reforms, then IN CONTEXT, the president is talking about a very different kind of fight.
I have no time for people who try to dodge responsibility by claiming the context of a statement doesn't matter, on the flip side I have no time for someone who takes a one-sentence snippet out of context to try to hang someone out to dry either.
IMO that's the problem with what I can only describe as the 'twitter generation' we're currently experiencing. Everything is a 140 character snippet and context is completely lost or discarded.