The ad highlights Obama's recent interview with a Nevada newspaper in which he said, "The Republicans were the party of ideas for a pretty long chunk of time there over the last 10, 15 years.”
"Really? Aren’t those the ideas that got us into the economic mess we’re in today? Ideas like special tax breaks for Wall Street," the ad's narrator asked. "Running up a $9 trillion debt. Refusing to raise the minimum wage or deal with the housing crisis. Are those the ideas Barack Obama’s talking about?"
The ad immediately drew sharp criticism from the Illinois senator's campaign. Obama spokesman Bill Burton denounced the spot as a "negative, dishonest attack," and later said they were planning on running a response ad that said Clinton "will say anything to get elected."
Clinton's campaign maintained its ad was "straightforward."
Clinton's South Carolina spokesman did not provide a reason why the ad was pulled, saying only, "we are on schedule with our "Closer" ads starting."
UPDATE: Clinton's campaign has announced the release of a new radio ad, called "Closer," that features Bill Clinton touting his wife's ability to battle the country's economic problems.
- CNN's Peter Hamby and Alex Mooney