He said it was blown out of proportion, don't put words in his mouth.
There were literal TV spots on whether or not planes will drop from the sky. The threat was overblown.
Lots of people did tons of work to keep systems online, but even if they all failed the end results wouldn't have been that bad. Money would be lost, but loss of life due to Y2K would be exceedingly rare.
Funny how one instance is the one everyone wants to defederate from.