Rmoney's team clipped the 14 yr old tape of Obama so as to distort Obama's meaning 180 degrees.

Washington Post fact checker gave them 4 Pinnochios - that is they are liars.

Obama's unclipped statement below:

4 Pinocchios for a truncated, 14-year-old Obama clip

“As we think about the policy research surrounding the issues that I just named — policy research for the working poor, broadly defined — I think that what we're gonna have to do is somehow resuscitate the notion that government action can be effective at all. There has been a systematic, I don't think it's too strong to call it a propaganda campaign, against the possibility of government action and its efficacy. And I think some of it has been deserved. Chicago Housing Authority has not been a model of good policy making. And neither necessarily have been the Chicago public schools. What that means then is that as we try to resuscitate this notion that we're all in this thing together, leave nobody behind, we do have to be innovative in thinking how, what are the delivery systems that are actually effective and meet people where they live, and my suggestion I guess would be that the trick, and this is one of the few areas where I think there have to be technical issues that have to be dealt with as opposed to just political issues, how do we structure government systems that pool resources and hence facilitate some redistribution, because I actually believe in redistribution, at least at a certain level to make sure that everybody's got a shot. How do we pool resources at the same time as we decentralize delivery systems in ways that both foster competition, can work in the marketplace, and can foster innovation at the local level and can be tailored to particular communities.”

— State Sen. Barack Obama, at a conference at Loyola University, Oct. 1998 [missing section in bold]