Mitt Romney’s first political ad of this election season is now infamous for a blatantly dishonest out of context quote from President Obama. When the lie was exposed, Romney’s staff simply boasted that “it worked.”

Dishonesty is working so well for Romney that his new advertisement carries on the tradition, with another blatantly dishonest, out of context quote from President Obama. A pattern is beginning to emerge.

This time the dishonest quote is pulled from Obama’s interview with 60 Minutes last weekend; here’s the question from Steve Kroft and Obama’s answer:

Kroft: You declared your candidacy. And you said, “The reason we’ve not met our challenges is a failure of leadership, the smallness of our politics, the ease with which we’re distracted by the petty and the trivial, our chronic avoidance of tough decisions, our presence for scoring cheap political points instead of rolling up our sleeves and building a working consensus to take on big problems.” I mean those were eloquent words and true words. Unfortunately, they’re still largely true today. Did you overpromise? Did you underestimate how difficult this was gonna be?

Obama: I didn’t overpromise. And I didn’t underestimate how tough this was gonna be. I always believed that this was a long term project. That reversing a culture here in Washington, dominated by special interests, it was gonna take more than a year. It was gonna take more than two years. It was gonna take more than one term. Probably takes more than one president.

Romney’s ad uses the last sentence, “Probably takes more than one president,” and implies Obama was talking about fixing the economy. But as you can see from the transcript above, this is simply false. Obama was actually talking about changing the culture in Washington, not fixing the economy.

LGF reader ElCapitanAmerica first pointed out this egregious lie yesterday: No, the president didn’t say the recovery would likely take ‘more than one president’ on 60 minutes.

Clearly, ethics are not even on the Romney campaign’s radar; they will lie outright to the American people to gain power. He’s now two for two — the centerpiece statements of both his political advertisements are flat out dishonest.