PETER ALEXANDER, NBC: Did the president underestimate ISIS when he referred to them in an interview only a couple months ago as a JV squad and making a reference to National Basketball Association basketball teams like the Lakers?
JOSH EARNEST, WHITE HOUSE: I thought somebody might ask this question today so I wanted to pull the transcript of the interview because it's important to understand the context in which this was delivered. So let me just read the full quote and then we can talk about it:
I think there is a distinction between the capacity and reach of a bin Laden and a network that is actively planning major terrorist plots against the homeland versus jihadists who are engaged in various local power struggles and disputes, often sectarian.
So the president was not singling out ISIL, he was talking about the very different threat that is posed by a range of extremists around the globe. Many of them do not have designs on attacking the West or attacking the United States, and that is what puts them in stark contrast to the goals and capability of the previously existing al Qaeda core network that was let by Osama bin Laden.