(CNN) - President Barack Obama's re-election team is going up with a new campaign commercial in key battleground states that pushes back against Republican attacks over his statement that the private sector's "doing fine."
The TV ad starts with the president expressing empathy on the economy, saying "I've talked to folks, in rope lines, in coffee shops, people who've been out of work. You can tell it wears on them."
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The narrator in the spot then touts Obama's efforts on the economy, saying "He's fought to pull us out of economic crisis for three years, and he still is. President Obama's plan keeps taxes down for the middle class. He invests in education, and asks the wealthy to pay their fair share."
The ad then pushes back on Republican challenger Mitt Romney, with the narrator adding that "Mitt Romney and his billionaire allies can spend millions to distort the President's words, but they're not interested in rebuilding the middle class, he is."
The president's "doing fine" comments, which Obama made on June 8, where quickly maligned by the Romney campaign and by other Republicans. The words were used against the president in TV ads by the Romney campaign and by two independent groups supporting Romney's White House bid.
The Obama campaign says the new spot will run in Colorado, Nevada, North Carolina, Ohio, Iowa, Virginia, New Hampshire, Pennsylvania and Florida.
The Obama team has bought $17.65 million worth of ad time through July 2nd ($12.8 million in the 9 states and an additional $4.85 million bought last week in Colorado, Florida, Iowa, North Carolina, Ohio and Virginia).
Team Obama is enjoying an almost 5-1 spending advantage in ads over the Romney campaign. By July 2nd it will have spent at least $64.4 million in its general election ad campaign as compared to $13.4 million for Team Romney, which so far has bought time only through Tuesday. But pro-Romney independent groups have greatly outspent pro-Obama groups to run ads during the same time period.
Word of the new Obama campaign ad was first reported by the Huffington Post.