American Crossroads Airs Ad Slamming Obama on Economy

American Crossroads, one of two outside organizations founded by Karl Rove and former RNC chairman Ed Gillespie that played such a large role in the 2010 mid-term elections, is launching a new television commercial slamming President Obama on the economy.

The hard-hitting 30-second spot, which is being funded by Crossroads GPS — an arm of American Crossroads — will begin airing Monday on national cable television channels and on local network affiliates in key battleground states such as Colorado, Florida, Iowa, Missouri, North Carolina, New Mexico, Nevada and Virginia. The ads will also run in Montana and Nebraska.

The initial $5 million advertising buy is part of a larger $20 million advertising campaign planned by the group over the next two months.

The commercial, called “Shovel Ready,” mocks the president’s 2009 claim that his $830 billion stimulus program would get the economy moving by providing funding for “shovel ready” projects.

The ad starts with Obama saying that “our economy is now growing at a good clip” and then features him joking about the stimulus package. “Shovel-ready was not as shovel-ready as we expected,” cracked the president at a meeting of his jobs council earlier this month.

The ad then shows a litany of dismal economic statistics, including a 25% percent rise in unemployment, a 35% increase in the national debt and a staggering 104% spike in gasoline prices since Obama took office.

“Fourteen million out of work, American drowning in debt,” says a voiceover. “It’s time to take away Obama’s blank check.”

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