The Obama campaign has complained that the president's "you didn't build that" soundbite was taken out of context by Republicans and Mitt Romney. Today, Romney completely misquoted Obama during a campaign speech in Nevada.

Here's what Romney told the crowd Obama said during that speech:

"If you have a business, you didn't build that. Someone built it for you."

What Obama actually said in that July speech:

"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."

Without context, the new Romney misquote makes it seem like Obama was being extraordinarily hostile to business owners.