It happens quite often these days. Every time Mitt Romney is criticized for saying something that clearly isn't true, one of his cup-bearers steps up to declare that his comments were taken out of context. But from where I come from - given candidate Mitt vs. a previous Mitt on so many issues - Mitt has taken his entire campaign out of context. I would say that about Paul Ryan, too, but don't get me started.
(Remember the "new Nixon" vs. the "old Nixon"? I do. Nothing changed)