Republican presidential candidate Mitt Romney released the following statement in response to President Obama's reelection campaign speech in Ohio: “Now when [President Obama] was recently elected he went on ‘The Today Show’ and he was asked about what he’d do, how he’d measure his success, and he said: ‘Look, if I can't turn the economy around in three years, I will be looking at a one-term proposition.’ And he’s right; he is looking at a one-term proposition. He's going to be saying today that he wants four more years. He may have forgotten he talked about a one-term proposition if he couldn’t get the economy turned around in three years, but we’re going to hold him to his word.”
Romney's statement incorporates Obama's February 2009 comment on the Today Show. "[Y]ou know, a year from now I think people — are going to see that — we're starting to make some progress. But there's still going to be some pain out there. If I don't have this done in three years, then there's going to be a one-term proposition,” Obama said then.
UPDATE: And now the Romney campaign has released this ad, reiterating the same point: