So now Romney is trying to utz Obama for something Obama said in 1998 about redistribution.  The Romney clip has Obama saying "I actually believe in redistribution", and goes on to say how Obama wants a government-centered system which redistributes wealth, etc.

Uh-oh.

But NBC got the full clip, in context.  In the whole clip, Obama says:

I think the trick is figuring out 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.

Oh.  Decentralized delivery systems?  Fostering competition?  Fostering innovation?  Gee, that doesn't sound like the redistributing wealth Marxist.

So again, Romney messes it up.  And now the Obama camp is having fun with Romney's inability to understand context:

Love it.