Quote of the Day: Mitt Romney's Lie

From Barack Obama, in Mitt Romney's latest ad:

If we keep talking about the economy, we're going to lose.

What Obama actually said, campaigning against John McCain on October 16, 2008:

Senator McCain's campaign actually said, and I quote, "if we keep talking about the economy, we're going to lose."

Just out of curiosity: How flat-out, knowingly false does something have to be before the press is willing to just call it a lie? We're about to find out!