(CNN) – For the first time since the financial crisis broke, the economy took a back seat in the ad wars Monday morning.
John McCain’s campaign released a new spot – "Chicago Machine"– that takes aim at the politics and political figures of Barack Obama’s adopted hometown.
“Barack Obama. Born of the corrupt Chicago political machine,” says the announcer in the 30-second spot, citing lobbyist William Daley, “political godfather” Emil Jones, much-investigated Governor Rod Blagojevich and convicted felon Tony Rezko. “With friends like that, Obama is not ready to lead,” he says.
Obama’s campaign responded with an attack of its own, telling reporters McCain was trying to divert attention from new reports his campaign manager had lobbied against stricter regulation of Fannie Mae and Freddie Mac.
The Obama ad uses a piece by McCain first highlighted by New York Times columnist Paul Krugman – a primary season critic of the Illinois senator's health care plan – late last week.
In a John McCain-penned piece in the fall issue of the American Academy of Actuaries that is highlighted in the 30-second spot, the Republican nominee says the health insurance market should be opened up “to more vigorous nationwide competition" and points to the banking industry as an example of successful deregulation. McCain, says the ad’s announcer, is "a risk we just can't afford to take."
The campaigns said the spots would be running “nationally.”