It's terribly simplified, and if he knew better I would also say it's also disingenuous. IIRC the reason TED didn't like that presentation is because it was low on the substance, not because of his point.

Both businesses and consumers are job creators. The problems of the last few years have virtually nothing to do with rich people being rich, but the populous response has been molded by the suffering of all the non-rich. Naturally, we point the finger. I may post more about this idea later today, if I feel up to it