New Crossroads Ad Hits Obama on Spending (Watch Video)

A new Crossroads GPS ad targets Obama's spending policies, saying that $4 billion is added to the debt daily.

Crossroads GPS, the conservative SuperPAC run by Republican political strategist Karl Rove, continued its assault on President Barack Obama’s spending record in their latest Pennsylvania ad buy.

The latest spot blasts Obama over his 2008 presidential campaign pledge to curb spending in the U.S.

The 32-second clip, titled “Stopwatch,” shows the national debt clock superimposed over a ticking stopwatch while an announcer says that the national debt will increase $1.4 million during the length of the ad.

He proceeds to attack Obama’s campaign promise of ceasing to kick the can down the road on the issue of the national debt.

“We can’t mortgage our children’s future on a mountain of debt,” Obama said during a speech in October 2008.

“Now he’s adding $4 billion in everyday, borrowing from China to pay for his spending,” the narrator responds. “Every second growing our debt faster than our economy.”

Obama’s allies shook off Crossroad GPS’ attacks, saying that the one trait Rove and Mitt Romney have in common was “zero credibility when it comes to the debt,” citing their adherence to the policy views of former President George W. Bush.

“Following the playbook of his Republican allies in Washington, Mitt Romney ran up the debt as Governor of Massachusetts – increasing it by 16 percent over four years and leaving the state with the largest per capita debt in the nation,” the Democratic National Committee said in an email.

“And now he wants to do it again by bringing back the same policies that crashed the economy and devastated the middle class.”

In addition to PA, Crossroads GPS plans to feature the ad in 10 other swing states beginning June 5 and running for two weeks. “Stopwatch” is the third spot in the group’s $25 million national advocacy campaign.

The latest release by the group comes a day after the Obama’s PA campaign announced the release of a new ad in the state.

Crossroad GPS said in a press release that they will spend $727,000 on their latest ad in PA as a part of their $2.3 million advocacy effort in the state.

Steven Law, president of Crossroads GPS, said in the press release that “Stopwatch” presents a concerted effort to focus the national issue debate over jobs, the economy, taxes and debt..

“We want to encourage a serious debate on the national debt that transcends President Obama’s class-warfare tax hikes.”

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