Obama Goes Negative With "Swiss Bank Account" Ad

The president's reelection team opens fire on Romney's finances and business record.

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The new ad is seen as the opening shot in what is expected to be a prolonged attack on Mitt Romney's finances by President Obama and his campaign team

Photo by Nicholas Kamm/AFP/GettyImages.

Moving forward (get it?) with general election campaigning, President Obama's reelection team unveiled its latest attack ad on Tuesday, a 30-second spot hitting Mitt Romney on his job-creation record and his Swiss bank account.

The commercial will air in Virginia, Ohio and Iowa, three swing states that could help decide the November election.

Like Romney's own campaign, the ad draws attention to the presumptive GOP nominee's business experience and connections, but that's about where the two campaigns part ways. The Obama ad, title "Swiss Bank Account," hits Romney over his time in the private sector, painting him as a businessman uninterested in creating jobs stateside.

Starting with an outline of Obama's clean energy initiatives, which, the ad claims "have helped create jobs for projects across America, not overseas." The narrator then asks "What about Mitt Romney?" 

"As a corporate CEO, he shipped American jobs to places like Mexico and China...he's still pushing tax breaks for companies that ship jobs overseas. It’s just what you expect from a guy who had a Swiss bank account," the narrator says.

CBS News notes that the Swiss bank account reference owes a hat tip to the Gingrich campaign, who earlier made Romney's initial failure to disclose its existence a campaign issue.

Here's the ad:

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