Carolyn Kaster, File, Associated Press
BOSTON — Sensing an opening on the economy, President Barack Obama launched an aggressive new effort Saturday to convince voters in the most competitive states that Republican rival Mitt Romney is risky for the nation's recovery with a plan that caters to multimillionaires over the middle class.
"They want to go back to the same old policies that got us in trouble in the first place," former President Bill Clinton is shown saying in the 60-second TV ad set to run in Colorado, Florida, Iowa, New Hampshire, Nevada, Ohio, and Virginia.
"We're not going back, we are moving forward," Obama adds in the commercial.
Romney doesn't agree and says Obama's leadership has done little to jolt an economy hampered by an unemployment rate just over 8 percent.
"All the false and misleading ads in the world can't change one simple fact: Americans are not better off since President Obama took office," said Ryan Williams, a Romney campaign spokesman.
Obama's campaign spent about $6 million to buy airtime for the new ad in the key battleground states.
The fresh Obama push, coupled with ads this past week by both candidates squaring off over China's impact on the U.S. economy, comes seven weeks before Election Day and as polls point to modest gains for the president following the national political conventions. Both campaigns say they expect the race to be decided by eight or nine states.
Romney, a former business executive who argues that only he can fix the sluggish economy, was taking Saturday off from campaigning. He was trying to refocus his campaign on the economy after a difficult week dominated by foreign policy, a vulnerability, in the wake of unrest at U.S. embassies.
At the same time, Romney is working to reassure concerned conservatives that he has a winning strategy that relies partly on strong performances at next month's debates. He also was finalizing plans to make an aggressive push to try to narrow Obama's advantage among women and Hispanics.
The president was in Washington this weekend keeping tabs on the situation in the Middle East following the deaths of a U.S. ambassador and three other Americans. While he, too, had no plans to campaign this weekend, he also was keeping his eye on winning a second term.
The ad is an expensive and expansive effort by Obama to gain the upper hand on the economy, Romney's strength, at a time when voters are reporting feeling slightly more optimistic that the president's policies are helping.
Polls in several of the most contested states show the president with a slight edge. Also, a new national survey by The New York Times and CBS News finds that Romney has lost his long-standing edge on the question of who voters view as most likely to restore the economy and create jobs. Despite that, the poll found the race narrowly divided.
Obama's new ad features snippets from both presidents' convention speeches and serves as a rebuttal to Romney's argument that the nation is not better off than it was four years ago. It highlights news reports from September 2008 that describe the "worst financial collapse since the Great Depression" and says that, since then, the country has seen 30 months of private-sector job growth resulting in 4.6 million new jobs.
It argues that Obama would ask "millionaires to pay a little more" — it doesn't mention that would come through a tax increase — while Romney wants "a new $250,000 tax break for multimillionaires."
"We're not there yet, but the real question is, whose plan is better for you?" the ad asks.
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