gyp Slang vb gyps, gypping, gypped, gips gipping, gipped (tr) to swindle, cheat, or defraud [back formation from Gypsy]
Someone call the PC police. At a town hall in Allentown, PA today, Pres. Obama said he is seeking to regulate health insurance companies to make sure that people don't get "gypped."
Perhaps PBO thought the term would appeal to the crowd. This was Pennsylvania, after all, the state PBO imagines to be filled with bitter people clinging to "antipathy to people who aren’t like them or anti-immigrant sentiment."
Can you imagine the MSM outcry if, say, Sarah Palin had used the term? Odds that PBO's "gypped" gets any MSM play?