The hypocrisy meter has overloaded on this one.

Georgetown University hosted a Catholic-Evangelical Leadership Summit on Overcoming Poverty, and President Obama spoke there today.

“Part of what’s happened is, is that elites in a very mobile, globalized world are able to live together, away from folks who are not as wealthy, and so they feel less of a commitment to making those investments,” he explained during a panel discussion on poverty at Georgetown University today.

Obama criticized the free-market system in America for allowing higher concentrations of wealth to exist among the rich while the bottom percentage was being left behind and receiving a smaller portion of that wealth.

“Those who are doing better and better, more skilled, more educated, – luckier – having greater advantages are withdrawing from the commons,” he said. “Kids start going to private schools, kids start working out at private clubs instead of the public parks, an anti-government ideology then disinvests from those common goods and those things that draw us together.”

Insert record scratch sound here. Let’s go to the videotape.