Obama campaign’s latest ad targets Romney’s ‘Swiss bank account’
May 1st, 2012
06:00 AM ET
10 years ago

Obama campaign’s latest ad targets Romney’s ‘Swiss bank account’

(CNN) - The latest television ad by the Obama campaign paints Mitt Romney as a man who outsourced jobs, tried to hide a Swiss bank account, and enjoys a common cause with big oil interests.

Called “Swiss Bank Account,” the 30-second spot begins airing Tuesday in the key battleground states of Ohio, Virginia and Iowa. In a few days, President Barack Obama will hold his first campaign rallies in two of those states: Ohio and Virginia.

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The ad begins by trying to discredit an anti-Obama ad funded by the Americans for Prosperity which the narrator describes as “Big Oil's new attack ads.”

The narrator quotes a Washington Post fact check which rated parts of the ad “erroneous.”

The Obama administration's green energy program has come under fire by conservative groups that have criticized investments in Solyndra and other new technologies that failed.

The narrator says the president's green energy agenda created jobs in the United States; not overseas.

The ad then asks, “What about Mitt Romney?” - leaving the impression that there may be a link between these unnamed oil interests and Romney.

The narrator says that when Romney ran Bain Capital, he sent U.S. jobs to China and Mexico. It also says Romney outsourced jobs from Massachusetts when he served as governor.

It ends by telling voters that Romney had a Swiss bank account and failed to disclose income from it on his public campaign disclosure statements.

“It’s just what you'd expect from a guy who had a Swiss bank account,” the narrator says.

Obama only speaks in the ad to approve it.

Senior Democratic officials have said repeatedly they would try to define Romney early in the election and the ad suggests they're trying to define him as a fat cat who is looking out only for the wealthy.

Tuesday morning the Romney campaign responded to the commercial.

"With the worst job creation record in modern history and the slowest economic recovery since the Great Depression, President Obama is trying to distract Americans from the real issues with a series of sideshows," said Romney campaign spokesperson Amanda Hennenberg. "Unable to defend his failed record of 23 million Americans struggling for work, wasteful boondoggles like Solyndra, skyrocketing national debt, and unacceptably high energy prices, President Obama has once again resorted to attacking Mitt Romney."

On the tax disclosures, Romney campaign press secretary Andrea Saul recently said that "any document with this level of complexity and detail is bound to have a few trivial inadvertent issues" and that Romney is "clearly coming down on the side of disclosure."

The ad will air on broadcast television channels and the Obama campaign describes it as "a significant buy."

Also see:

Boehner explains jabs at Obama as 'help'

Clinton, Obama headline Virginia fund-raiser

Romney: U.S. should protect Chinese dissident

Politics of bin Laden: 'Fair game' vs. 'divisive'

Filed under: 2012 • Mitt Romney • President Obama
soundoff (8 Responses)
  1. Marie MD

    Let's face it the flip flopper has so much baggage (and money bags) that I can understand why the teapublikans and the rethugs in congress and the koch bros, rove, limberger, faux news can't believe he made it this far and now they are stuck making him seem human.
    That is why he brings the little woman but she is NOT a positive just another negative with elevator for her two Cadillacs.
    I have been calling him the $250M man but I would wager $10,000 that he is worth billions. BTW – what happened to his long form birth ceritifcate and tax returns???????? WHERE ARE THEY????????

    May 1, 2012 06:23 am at 6:23 am |
  2. king

    In when this country is at her greatest need, what do the people that can help her the most does, they hide life giving revenue from her. Now when the country is finally coming back around, they are the first patriots that save this country, these people are lucky that this country has an over size gullible population. Mitten is one of the worst, all his career he has been disassembling manufacturing jobs, "which are the platform of every jobs on the planet", then send them to China for exchange of a few service jobs, "which are the last stop on the jobs touting pole". This man wreckless career of doing the majority and enriching a few is vulturius.

    May 1, 2012 06:30 am at 6:30 am |
  3. Blindersoff

    That's right Obama, left jab, left jab and left jab . . . Keep em on the ropes Obama, setting Romney up for the right hook knock out punch and when he's down, Kick em!

    May 1, 2012 07:24 am at 7:24 am |
  4. Wire Palladin, S. F.

    I approve the message as well. By keeping money in the Caymans and in Swiss banks, Mittens has proven he is nothing more than a money launderer. The personhood GOP candidate has also proven he is not a job creator, but a corporate raider. We do not need the presidential candidate who has promised to redistribute even more tax breaks to the wealthy, big oil, big banks, Wall Street, big insurance. He has also adopted the Ryan plan which allows corporations to send their profits overseas to avoid paying taxes to the United States.

    May 1, 2012 07:26 am at 7:26 am |
  5. jesse james. take them to street and shoot them like the dogs they are

    Romney lies. You want to be potus but hiding your money overseas is not american. Show us your birth papers. Forward obama / biden 2012.

    May 1, 2012 07:36 am at 7:36 am |
  6. Gurgyl

    This bain capital sells this beautiful nation to china, India. He sells to oil thugs. Look how temperatures are soaring to 90 degrees, by cutting trees. Nation needs "green energy". Not oil thugs. Obama12.

    May 1, 2012 07:41 am at 7:41 am |
  7. Are you kidding me?

    Trivial? How can you fail to identify your Swiss bank account? He has an accountant and finance manager to help him as well. Total bs. And the deflection about gas does not conceal that one of the biggest contributor to the tea party are the Kochs who are big oil.

    Romney is not the choice for me or my family.

    May 1, 2012 07:46 am at 7:46 am |
  8. Debra from Georgia

    Mitt Romney shipped our jobs overseas, I agree with the ad. He lying about creating jobs, He is a job killer, how else he explains his swiss bank account and hiding his tax returns

    May 1, 2012 07:46 am at 7:46 am |