An experiment in covering campaign ads as if mendacity is noteworthy, dishonorable and wrong.
In a recent speech, President Obama said that if re-elected, he plans "to ask anybody making over $250,000 a year to go back to the tax rates they were paying under Bill Clinton, back when our economy created 23 million new jobs, the biggest budget surplus in history and everybody did well." Comparing the Clinton-era rates to the status quo, adopted under the Bush Administration, he concluded that "just like we've tried their plan, we tried our plan. And it worked."
How did Mitt Romney actually respond to the claim that we've tried both higher and lower rates on earners over $250,000 per year, and that the lower rates work better? He cut a campaign ad quoting Obama:
That campaign ad deliberately misleads its audience.
It intentionally creates the impression that Barack Obama gave a speech wherein he spoke about his efforts to fight the recession and concluded, "It worked," even though the economy is still awful.
But that isn't what happened at all.
As noted, it's Clinton-era tax rates on the rich, a policy not now in place, that Obama described as having worked, something the commercial's producers almost certainly knew and deliberately obscured.