Yes, that's about it. Make it seem like McCain said or even implied this. Which is why I am fine with the "lie" the bloggers have posted by chopping the video. It counters one bold-face lie (about McCain) against another probably lie (that Obama is more Muslim than Christian).
Obama was the one who took McCain’s line about $5 million out of context and put it in his DNC speech.
Slippery character alright.
IMO, he is a one man sleeper cell.