(CNN) – Mitt Romney's presidential campaign released a new television ad Wednesday which criticized President Barack Obama over the auto bailout.
The spot, titled “Dream,” features Al Zarzour, a car dealership owner from Lyndhurst, Ohio, saying that under the bailout measure, "the dream... that we worked so hard for, was gone."
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"I received a letter from General Motors. They were suspending my credit line. We had 30-some employees that were out of work," he says in the spot.
Romney has argued the bailout was not the best solution to right the then-struggling auto industry, and has instead argued that a "managed bankruptcy" process would have been preferable. That is what ultimately happened, he has said.
Romney's campaign did not say where the ad would air nor how much would be behind the spot.
Obama's campaign has also aired advertisements centered around the bailout, including one in which an autoworker explains how the bailout helped him.
"Obama stuck his neck out for us, the auto industry. He wasn't gonna let it just die, and I'm driving in this morning because of that, because of him," Brian Slagle of Ohio says.
Romney's campaign also on Wednesday released a web video hammering Obama over unemployment.
The video cites the unemployment rate, job losses, and household income under Obama's tenure, and says, "Americans need a change. We need a new president."
Obama's campaign responded to the ad, saying the ad was proof that Romney's campaign "will say anything."
"Let’s get this straight – the very person who argued for the US auto industry to go bankrupt, something that would have caused more than a million jobs lost and utter economic devastation in the midwest, is now trying to attack the President on how it was handled? This ad in Ohio is a new low for the Romney campaign, and instead of trying to deceive Ohioans they should get their facts straight because there are now 2,200 more Ohioans employed in dealerships than when the President took office," Obama spokeswoman Lis Smith said in a statement. "While the President was busy saving the US auto industry – which has 1 in 8 Ohio jobs tied to it – Mitt Romney was busy arguing that we should turn our backs on an iconic industry and the workers in Ohio. The Romney campaign will say anything in this election, and this ad is proof positive of that."