WASHINGTON (CNN) - The GOP-leaning independent group Crossroads GPS is stepping up its attacks on the Obama administration. Wednesday it launches the newest ad in its $20 million media campaign criticizing the president's economic policies, CNN has learned.
The group says it is spending $3.5 million on this new advertisement, which is set to air on national cable TV in the key swing states of Iowa, Colorado, New Mexico, Nevada, North Carolina and Virginia.
The ad paints a bleak picture of the country's fiscal future, saying "America's economy is hanging by a thread" thanks to "reckless spending, a failed stimulus and a $14 trillion debt. We are near the breaking point."
The ad ends "It is time to take away President Obama's blank check."
Steven Law, president of Crossroads GPS, says the group is running the ads because "Republicans must stop President Obama's reckless scheme to raise taxes in the middle of a jobs recession," apparently referring to the president's desire to bring in more revenue as part of any package to increase the debt ceiling. He accuses the president of holding "our country's fiscal stability hostage."
Crossroads' ad campaign does not address the bills pending in Congress to raise the debt ceiling.
The group has separately run a series of ads this month on economic issues, including one that started Tuesday aimed at Democratic Senators in key electoral states. Each ad targets a specific politician saying that "instead of fixing our economy" he or she voted for "billions in new taxes and racked up trillions in debt in crushing debt."
Crossroads GPS and its affiliate American Crossroads, major players among the new crop of independent expenditure committees, spent $70 million in the 2010 midterm elections backing GOP candidates and causes and has pledged to raise $120 million for the 2012 cycle.
These ads are part of a major effort on all sides of the deficit issue to sway public opinion.
Two Democratic-aligned groups, Patriot Majority and Americans United for Change, as well as the Service Employees International Union, also are up with ads on the debt-ceiling battle that take on Republican lawmakers.
The Democratic National Committee issued a response to the latest Crossroads ad, criticizing Republican plans to raise the debt ceiling, including the "cut, cap, and balance" pledge.
"Republicans are embracing duck, dodge and dismantle plan which will hurt our economic recover," the statement says. "[The] largest portion of long term debt caused by tax cuts for the rich and wars in Iraq and Afghanistan, not by Obama or the recovery."
CNN's Kevin Bohn, Paul Steinhauser and Gabriella Schwarz contributed to this report.
Only nutcases buy into what are, by every way, false,misleading, irrational, extremist propaganda. It is an insult to the average educated American, for these questionable characters to put out such claims, as if we are all ignorant and unable to discern the facts. They only succeed with people already on the fringes. People they should be trying to help recover their minds. "Conservative" has been debunked. Nothing like that. It's a front to protect a rich "contribution constituency".
And so it begins. Splinter groups are showing up in many places with the country. Who belongs to these groups and who runs the groups? Disclosure is important before the ads run. Membersshould be willing to put their names on whatever ads by these groups.
I guess Karl Rove wasn't able to completely destroy our economy using GWB. Now he's back to fininsh the job with Crossroads GPS. Listen to his propaganda at your (and America's) risk.
Reminds me of a John Grisham Plot. Sad, so sad. If the man wasn't of color...
What a sham. The economy isnt what it used to be, yet their is $20m for an ad buy for the sole purpose of critizing the president. Shame on you GOPers. 2012 cant come fast enough.
Shouldn't they be spending that money trying to find a viable candidate for 2012? Starting with boner/weeper down the pike to the AK quitter/teabagger/traitor you have no chance.
Thanks supreme court – now we can have unlimited lies out there
'The group says it is spending $3.5 million on this new advertisement'
Why aren't they using this money to help pay down debt?
Why is everyone not working together to fight this debt instead of squabbling, arguing, bickering and attacking each other?
Crossroads...Karl Roves' cronies are coming out to assault the American public again with fear tactics and the metaphoric lynching of our President. On substance the information in the ad will be out of context and before Americans can get the fuller picture...they will have the terror soundbite slapped into their brains...On intention the information is meant to incite the xenophobic populace and fuel the fears of a Black man daring to be not White...Worse then Chicken Little, worse they Eeyore, worse than dooms dayers these cretins want to turn brother against brother...political sound bites are the sound of our unity, our flag, our soul being torn...
Blank check? Blank check? How about two UNFUNDED wars for eight years by the Bush administration? Does anyone really believe the Republicans are serious about blank checks? Well, that is, unless they are blank checks for the wealthiest 1% of Americans. This is so absurd! Unfortunately many Americans will once again fall for the right wing propaganda because that group gives them something of which to be afraid and someone to blame for it. Another talking point to be reiterated over and over and over again at the disinformation machine...Fox News.
Poor use of funds. No amount of advertising is going to sway the public back to the Greed Over People party.