Romney super PAC spends $10.5 million on economy ad
August 20th, 2012
10:26 AM ET
10 years ago

Romney super PAC spends $10.5 million on economy ad

(CNN) – The pro-Mitt Romney super PAC Restore Our Future released a television ad Monday contrasting the economic plans from Mitt Romney and President Barack Obama, arguing that Romney's private sector experience better prepared him to solve America's economic problems.

"The debate this fall: Who can turn around America's economy?" a narrator asks in the commercial, which the group said it was spending $10.5 million to air in eleven battleground states.

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"Mitt Romney spent his life in the private sector, creating thousands of jobs," the narrator continues. "Barack Obama wasted $800 billion on a failed stimulus and the jobless rate went up. Romney cut spending and balanced budgets without raising taxes. Obama has added $5 trillion in debt. Proven leadership to fix the economy. Mitt Romney."

The group said the ad would air in Colorado, Florida, Iowa, Michigan, Nevada, New Hampshire, North Carolina, Ohio, Pennsylvania, Virginia, and Wisconsin. The $10.5 million buy is the group's largest to date.

Restore Our Future has previously run ads hitting Obama for his economic record, including a $10.48 million buy to air a spot showcasing the unemployment rate rising to 8.3% in July.

Restore Our Future also completed an ad buy during the London Olympics touting Romney's record of running the 2002 Salt Lake City games.

CNN's Kevin Bohn contributed to this report.

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Filed under: Ads • Mitt Romney
soundoff (40 Responses)
  1. demwit

    "No specifics. No details. No plan. ."
    Whats wrong with that?? It worked for Obama in 2008 and is going to work again in 2012..

    August 20, 2012 11:36 am at 11:36 am |
  2. App

    We have already had a Pres. that is a serial lier, George W. Bush, we can't afford another, Mitt Romney, if thats his real name.

    August 20, 2012 11:37 am at 11:37 am |
  3. Jill

    Mitt Romney has NOT spent his life in the private sector. He has spent at least half of his adult life running for high offices.
    He has spent the other half in leveraged deals making himself a very rich man. I don't care if he is rich, but he hasn't spent his life making tens of thousands of jobs for Americans or making our lives better.

    August 20, 2012 11:37 am at 11:37 am |
  4. pbk

    That's not all they did. They bought up a huge block of time on MSNBC and CNN to air a town hall in NH today. The networks can't turn down that kind of money and you would think the sponsors would be rattled as I suspect most people reach for the remote. It's disgusting!

    August 20, 2012 11:40 am at 11:40 am |
  5. Craig

    Romney only cares about rich people. He even said poor people can take care of themselves. And please, business experience doesn't always make for a good president.

    August 20, 2012 11:41 am at 11:41 am |
  6. B.

    Romney can spend a Billion and it will not BUY America which is what the Republicans are attempting as they are used to Buying whatever they want.

    Working it at both ends, they also are attempting to stifle voters rights buy changing voting laws right before the Election to prevent likely Democrats from voting!

    Reprehensible !

    August 20, 2012 11:46 am at 11:46 am |
  7. Former Republican, now an Independent

    I can't support a candidate that is highly supported by anonymous donors, and won't divulge his tax information beyond the past two years. Both of these signal corruption to me.

    August 20, 2012 11:49 am at 11:49 am |
  8. al in memphis

    What do you call it when very intelligent people think that you are going to be convince to vote based on an ad like this?
    Confidence. That's right, confident that voters are too stupid and lazy to understand the issues and ask questions.

    I didn't insult voter, ads like this does.

    August 20, 2012 11:51 am at 11:51 am |
  9. PaulCat

    You people just do as I say. Can't you see I'm trying to buy this election with the tax money we didn't have to pay. Get real, Mitt.

    August 20, 2012 11:52 am at 11:52 am |
  10. IrisInTheOzarks

    Akin's comments only make him more popular here in Missouri-He is espousing exactly what many if not most in the Ozarks believe religiously.He is leading in the Sen race at this point. Like former congressman Fay Boozman,MD (sic)of Arkansas, who stated that a "woman cannot get pregnant if she does not have an orgasm" he truly represents the "thinking in this area.Dr Boozman, now deceased was also appointed head of AR State Health Dept and his brother is presently a Congressman in AR.As to Akin, his worst damage can be wreaked thru his present position- he is a voting member of the Science, Space and Technology Committee. He's demonstrating his broad-based knowledge of "science" here, and he is also the face of what NASA, etc. are up against any time there is new technology that can advance space that requires funding.

    August 20, 2012 11:57 am at 11:57 am |
  11. justme

    havent you seen the signs on the highway, "our stimulous funds at work" i personally would have been out of work if it were not for the stimulous infrastructure projects. ...i really believe this has kept us out of a complete downward spiral.. where are the trickle down jobs?? that ...nooobody has seen?? government is NOT a is "for the poeple, by the people" i encourage america to vote with thier minds, barring prejudice, party affiliation, etc...

    August 20, 2012 12:03 pm at 12:03 pm |
  12. bcm

    Mitt Romney is a liar yet he is slinging insults of lying at the President. He will not provide his tax returns because he knows that he is a liar and is clearly hiding his past. He thinks that Americans are stupid enough to ignore the tax return issue as well as the fact that he is personally responsible for decisions that offshored millions of jobs to China and India. This man needs to just go home and count his money, if he can find all of it in his offshore accounts!

    August 20, 2012 12:05 pm at 12:05 pm |
  13. justme

    mr. Romney has NOT spent his life in the private sector, multiple lies here...hasnt he been governor? since bain?? at least somewhat "retroactively " ?

    August 20, 2012 12:09 pm at 12:09 pm |
  14. once upon a horse

    10.5 MILLION DOLLARS in negative ads? I thought the country was broke and the economy was so terrible that NOBODY had any money....oh wait a minute I forgot about the Koch Brothers. So spend 10.5 million dollars to tell us we have a bad economy. Go figure....

    August 20, 2012 12:12 pm at 12:12 pm |
  15. Sniffit

    "Whats wrong with that?? It worked for Obama in 2008 and is going to work again in 2012.."

    I assume you know how to find cached versions of the Obama 2008 website so you can see just how wrong you are?

    August 20, 2012 12:12 pm at 12:12 pm |
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