From AP

...ANALYSIS: The video of McCain's response is edited to exclude the remainder of his answer, where he acknowledged that "things are tough right now." This type of selective quoting has become commonplace. Obama, in criticizing McCain on the economy last week, used only a portion of a McCain answer to Bloomberg Television...

Here is the full story from AP:

New Democratic Party ad edits McCain's response on economy
TITLE: "Better Off?"
LENGTH: 30 seconds.
AIRING: Nationally on cable.

SCRIPT: CNN's Anderson Cooper: "Senator McCain, are Americans better off than they were eight years ago?"

McCain: "I think you could argue that Americans overall are better off, because we have had a pretty good prosperous time, with low unemployment, low inflation. A lot of good things have happened. A lot of jobs have been created ... I think we are better off overall."  read more »