Washington (CNN) - It was 26 years ago when Republicans proclaimed that it was "Morning In America," to promote the nation's economic turnaround under President Ronald Reagan's watch.
Now, a group of loyal aides and associates to the late president are spinning his 1984 election theme into a new, national commercial called "Mourning In America," in an attempt to highlight the country's economic problems under President Obama's watch.
The 60-second ad is being paid for by Citizens for the Republic, a political operation founded by Reagan in 1977 and put back online by Reagan Attorney General Ed Meese, policy adviser Peter Hannaford, Republican strategists Craig Shirley and Bill Pascoe, among others, who describe themselves as "Reaganites."
In 1984, "Morning In America" became the theme for Reagan's re-election campaign and it was touted in television commercials highlighting the nation's prosperity. The 2010 commercial has a much different take.
"There's mourning in America," a narrator says. "Today, 15 million men and women won't have the opportunity to go to work."
Later in the ad, the narrator charges that "Under the leadership of President Obama, our country is fading, and weaker, and worse off. His policies were a grand experiment – policies that failed."
A Citizens for the Republic official said the organization is spending $400,000 to run the commercial on Fox News Channel and MSNBC for one week.