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New Romney ad asks Obama 'Where did all the money go?"

 

Mitt Romney’s campaign released a new TV advertisement Wednesday morning, slamming President Obama for wasting taxpayer dollars from his stimulus package on campaign contributors and overseas companies.

Entitled “Where Did All The Money Go?” the new ad expands on a recent theme by the Romney campaign, taking aim at what the GOP candidate has repeatedly called the Obama administration’s “crony capitalism.”

As burning cash falls across the screen, a voice asks, “Where did all the Obama stimulus money go?” before answering its own question.

“Friends, donors, campaign supporters, special interest groups” the same voice responds.

The ad also attacks a pair of Romney’s favorite punching bags – the now bankrupt solar energy company Solyndra, which received over $500 million in government financing before going belly-up, and the electric car manufacturer Fisker, which produces high-end cars in Finland.

Romney himself echoed these sentiments during a campaign stop in Pennsylvania Tuesday. 

“I'm ashamed to say that we're seeing the president hand out money to the businesses of campaign contributors,” Romney lamented at an oil and gas services company in Irwin. “When he gave money -- $500 million dollars in loans to a company called Fisker that makes high end electric cars, and they make the cars now in Finland -- that is wrong, and it has got to stop. That kind of crony capitalism does not create jobs and it does not create jobs here.”

Romney has found himself on the defensive the past couple of weeks over refusing to release more than two years of his tax returns and his time at Bain Capital, the private equity firm he started.

The new line of attack – begun on a conference call with reporters Monday by senior advisor Ed Gillespie – is an attempt by the campaign to draw attention away from these attacks by President Obama and the Democrats.

 

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