Obama Cracks Reverse Mortgage Joke at Washington Press Dinner

Speaking before attendees at the 2015 Gridiron Club Dinner in Washington, D.C. Saturday night, President Barack Obama ribbed on a variety of topics in his remarks, including himself, fellow politicians and even reverse mortgages at one point.

Hosted by the Gridiron Club and Foundation, a D.C.-based journalistic organization with roots dating back to 1885, the annual white-tie dinner brings together various government officials and reporters for a night of light-hearted comedic skits and humor.

In the satirical spirit of the event, President Obama focused a fair share of his remarks at himself, joking that his tenure as President has aged him so much that he might be ready for a reverse mortgage, according to a transcript of his remarks published by The Washington Post.

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“Now, let’s face it, being President does age you. I mean, look at me,” Obama said. “I was hoping Fred Thompson would be the Republican speaker so I could buy a reverse mortgage.”

The 2015 Gridiron Club dinner was fourth time Obama spoke at the annual event and the third time doing so as President.

But while the theme of the night is colored with jokes and politicians poking fun at one another in a much friendlier setting than Capitol Hill, President Obama reserved some seriousness in his remarks on the evolution of media, its mass consumption and the role of the press in today’s changing world.

“So while the world of media may be changing, I am confident that our democracy will always be able to rely on the tradition represented by the reporters in this room: your persistence, your dedication, and your lifelong commitment to helping all of us better understand this world,” he said. “That’s how our democracy works.”

Read President Obama’s full remarks.

Written by Jason Oliva