Obama's Latest Campaign Ad Hits Romney's Swiss Bank Account

Romney shipped jobs overseas as a CEO and as Governor of Massachusetts, the ad contends.

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Barack Obama's latest campaign ad is short, but it wastes no time digging into Mitt Romney.

The ad explains that Obama has worked to create American jobs, specifically in the energy sector.

"President Obama's clean energy initiatives have helped create jobs for projects across America, not overseas," the narrator explains. The ad goes on to contend that as a CEO, Mitt Romney outsourced jobs to places like Mexico and China, and as Massachusetts governor, he sent state jobs to a call center in India.

[See a collection of political cartoons on Mitt Romney.]

"It's just what you'd expect from a guy who had a Swiss bank account," the narrator concludes.

Romney's Swiss bank account has been a nagging problem for the presumptive Republican presidential nominee, as some have accused him of holding money in the notoriously secretive financial haven to avoid paying taxes on it in the United States.

Romney's campaign has said that there was nothing nefarious about the Swiss account, but critics have taken issue with that assessment.

In January, Michigian Sen. Carl Levin, chair of the Senate Homeland Security Permanent Subcommittee on Investigations, explained that the committee had done extensive research into Americans who hold accounts in Switzerland.

"There is no such thing as an ordinary Swiss bank account," Levin said.

The ad, which will air in the swing states Virginia, Ohio, and Iowa, was done in part as a response to a recent ad campaign from Americans for Prosperity, a super PAC supporting Mitt Romney that recently made a $6.1 million ad buy in order to attack the Obama administration for wasting money and outsourcing jobs for renewable energy projects.

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