Washington (CNN) – Indiana Senate hopeful Dan Coats went on the air Tuesday with his second television ad of the Republican primary season, the same day it was revealed he loaned his campaign $200,000.
With just one week remaining until primary day, the TV commercial targets the Obama administration's fiscal policies, which Coats says are "taking our country in the wrong direction."
"As a conservative, I fought against higher taxes and big spending," the former senator says in the ad. "President Obama is taking our country in the wrong direction – and I had to step up. Whether it's the big power grab they call health care, or the debt they're passing on to our kids, we need experienced conservative leaders who represent Hoosier values."
Coats, who served in the Senate between 1989 and 1999, is hoping to return to Washington, but faces fellow Republicans John Hostettler and Marlin Stutzman in the GOP primary.
Coats adviser Kevin Kellems told CNN Tuesday that the ad will air statewide, and is complemented by a sizable statewide radio buy.
Kellems also said that Coats loaned his campaign $200,000 on April 22, a move designed to "plug a temporary gap between pledges and receipts." The loan was first reported by the Capitol Hill newspaper Roll Call.
Coats, who served as the United States ambassador to Germany following his tenure in the Senate, felt compelled to return to Washington because of the "reckless tax and spend policies" of the Obama administration, Kellems said in a statement.
"Because of the reckless tax and spend policies of President Obama and company, Dan and Marsha Coats decided to step up and do their part to help get our nation back on track and Hoosiers back to work," Kellems said.