This is a rush transcript from "Hannity," May 2, 2012. This copy may not be in its final form and may be updated.

SEAN HANNITY, HOST: Yesterday marked the one-year anniversary of the day that the brave men of SEAL Team 6 delivered justice to Usama bin Laden. And for the past several days, President Obama and his re-election spin machine, well, they have been taking a victory lap, glossing over who the real heroes are. And last night, it literally took him around the world to Afghanistan. But a brand-new political ad put out by Veterans for Strong America is highlighting the difference between heroism and politics. Let's watch this.

(BEGIN VIDEO CLIP)

DAVID GREGORY, NBC NEWS: Usama bin Laden has been killed.

UNIDENTIFIED MAN: There will be no parades, they have already gone back into the shadows, without the outside world even knowing their names.

GRAPHIC: Heroes don't seek credit.

PRESIDENT BARACK OBAMA: I can report,

I directed Leon Panetta...

I was briefed...

I met repeatedly...

I determined in my direction...

I called the President Zardari...

I, as commander in chief...

GRAPHIC: Heroes don't spike the football.

OBAMA: We don't need to spike the football.

OBAMA: I said that I would go after Bin Laden if we had a clear shot at him. And I did.

GRAPHICS: Heroes put their lives on the line.

FORMER PRESIDENT BILL CLINTON, OBAMA CAMPAIGN AD: Suppose the Navy SEALs had gone in there. Suppose they had been captured or killed. The downside would have been horrible for him.

GRAPHIC: Horrible for HIM?

And heroes don't politicize their acts of valor.

ARIANNA HUFFINGTON, THE HUFFINGTON POST: But to turn to a campaign ad is one of the most despicable things you can do.

GRAPHIC: Their training.

Their sacrifice.

That's what makes victory possible.

Heroism.

Politics.

OBAMA: I said that I would go after bin Laden if we had a clear shot at him, and I did.

I did.

I did.

I did.

GRAPHIC: Tell President Obama: Our service members sacrifice to protect our country. Not to benefit his political campaign.

(END VIDEO CLIP)

HANNITY: Wow. I don't think the difference could be any clearer. And as President Obama continues to pat himself on the back again and again, well, his own words are coming back to haunt him. Let's listen to what he said back in 2006.

(BEGIN VIDEO CLIP, SEPT. 17, 2006)

OBAMA: I have had enough of using terrorism as a wedge issue on our politics. I have had enough of that. I have had enough of that.

I don't know about you, but I think that the war against terrorism isn't going to supposed to crop up between September and November of even-numbered years. And yet that seems to be the pattern. There is a sudden burst of activity, a sudden urgency about this whole thing, three months before an election, every other year.

(END VIDEO CLIP)

HANNITY: All right. So, I wonder how team Obama is going to try to spin this one.

Joining me now with reaction, the author of the New York Times bestseller, "Suicide of a Superpower," Patrick J. Buchanan. Patrick J., welcome back to the program. All right. Quick question -- did they overreach here, especially in the ad against Romney?