New Obama ad in Iowa attacks Romney over Swiss bank account

TV spot also accuses GOP candidate of sending jobs to Mexico, China

Ed Tibbetts
Published: May 1 2012 | 10:35 am - Updated: 31 March 2014 | 6:30 pm in
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President Barack Obama’s re-election campaign is airing a new advertisement in Iowa that highlights rival Mitt Romney’s wealth, specifically a Swiss bank account.

The ad is airing in Iowa, Virginia and Ohio, all swing states. In the new spot, the Obama campaign accuses Romney of sending jobs to Mexico and China while a corporate chief executive, as well as outsourcing a call center to India as governor of Massachusetts.

The latter is a claim Vice President Joe Biden brought up during a stop in Davenport last month.

It’s the closing line of the ad that’s drawing the most attention, however: “It’s just what you expect from a guy who had a Swiss Bank Account,” the narrator says.

In a news release accompanying the ad, the Obama campaign says Romney’s economic ideas are a contrast to the president’s record of “rebuilding an economy that’s meant to last,” including spending to create clean-energy jobs.

The Swiss bank account reference is to an account held by a trust for Romney’s wife, Ann, according to a Reuters news report. It was closed in 2010, the article said. The existence of the account became public when the Romneys released their tax returns earlier this year.

Spending on clean-energy projects has been a hot topic in early TV ads in Iowa. The conservative advocacy group Americans For Prosperity said last week it was spending $6.1 million to air spots in eight states, including Iowa, that focus on Obama administration spending in this area. That spot says the president’s policies have resulted in taxpayer money going to companies creating jobs overseas.

The new Obama ad seeks to refute the group’s claims by pointing to fact-checking organizations that have called it erroneous. The ad is running in the Des Moines and Cedar Rapids markets.

Romney’s campaign responded to Obama by saying the president is trying to divert attention from the sluggish economy, and it added its own criticism of the president’s renewable-energy investments.

A campaign spokeswoman called attention to the $535 million in loan guarantees that went to California-based Solyndra, which went bankrupt after the government approved the assistance.

Amanda Henneberg also said: “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.”

Watch the Obama ad here:

And the ad from Americans for Prosperity:


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