(CNN) – The Obama campaign says it will release a new TV ad responding to Republican attacks capitalizing on the president's "you didn't build that" remark from two weeks ago.
Titled "Always," the commercial will air beginning Wednesday in a slew of key battleground states – Virginia, Iowa, North Carolina, Florida, Ohio and Nevada, according to the campaign.
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The campaign says the spot will feature Obama speaking directly to the camera refuting a wave of criticism following a speech made at a campaign event in Virginia. The ad, which largely echoes comments made by the president at a campaign stop in Oakland on Monday, will highlight his support for small businesses.
"Those ads taking my words about small business out of context; they're flat out wrong. Of course Americans build their own business. Everyday hard-working people sacrifice to meet a payroll, create jobs, and make our economy run," Obama says in the ad. "And what I said was that we need to stand behind them as America always has. By investing in education, training, roads and bridges, research and technology. I'm Barack Obama and I approve this message because I believe we're all in this together."
Republicans have highlighted the phrase to criticize the current administration's business record, displaying signage at events and repeating the president's remarks often on the campaign trail.
The new spot follows two web videos put out by the Obama campaign this week that say that the president's comments were taken out of context.
The battle stems back two weeks, when Obama told a crowd in Roanoke, Virginia, that successful small businesses got that way with the help of governmental support like roads and educators.
"If you are successful, somebody along the line gave you some help," Obama said. "There was a great teacher somewhere in your life. Somebody helped to create this unbelievable American system that we have that allowed you to thrive. Somebody invested in roads and bridges. If you've got a business, you didn't build that. Somebody else made that happen. The Internet didn't get invented on its own. Government research created the Internet so that all the companies could make money off the Internet."
Romney, appearing on CNBC Monday, claimed that even within context Obama's words were troubling.
"I found the speech even more disconcerting than just that particular line. The context is worse than the quote," Romney said. "The context, he says, you know, you think you've been successful because you're smart, but he says a lot of people are smart. You think you've been successful because you work hard, a lot of people work hard."
Asked if the release of this spot indicates the campaign is worried that the Romney campaign attacks are working, Jen Psaki, traveling press secretary for Obama, said that they won't "stand by" while Romney misconstrues the president's words.
The Romney campaign, however, pushed back at Obama's defense in a statement to reporters.
“It's clear what President Obama believes because he told us: 'if you've got a business - you didn't build that. Somebody else made that happen.’ He said it, and he meant it.” wrote spokesman Ryan Williams.
- CNN White House Correspondent Brianna Keilar and CNN's Dana Davidsen contributed to this report
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