No, he's not saying he was wrong. Ha, far from it.
Speaking in Oakland Monday night, he said Romney knowingly “twisted my words around” to imply he didn’t care about small business.
The fundraiser remarks marked the latest effort by the Obama campaign to claim Romney pulled his quote out of context. The Obama campaign released a web video titled “Tampered” on Monday that made the same point.
"Out of context," eh? Here's the president's original remarks, as delivered in Roanoke, Va.:
If you've been successful, you didn't get there on your own. You didn't get there on your own. I'm always struck by people who think, well, it must be because I was just so smart. There are a lot of smart people out there. It must be because I worked harder than everybody else. Let me tell you something -- there are a whole bunch of hardworking people out there.
If you were successful, somebody along the line gave you some help. There was a great teacher somewhere in your life. Somebody helped to create this unbelievable American system that we have that allowed you to thrive. Somebody invested in roads and bridges. If you've got a business, you didn't build that. Somebody else made that happen. The Internet didn't get invented on its own. Government research created the Internet so that all the companies could make money off the Internet.
Romney has fired back, claiming the context of Obama's remarks is actually worse than the quote: "The context, he says, you know, you think you've been successful because you're smart, but he says a lot of people are smart. You think you've been successful because you work hard, a lot of people work hard. This is an ideology which says 'Hey, we're all the same here, we ought to take from all and give to one another and that achievement, individual initiative and risk-taking and success are not to be rewarded as they have in the past,'" Romney told CNBC.
"It's a very strange and, in some respects, foreign to the American experience type of philosophy," Romney concluded.
The Republican National Committee is also fighting back Obama's defense with a new ad released today, "These Aren't Gaffes":