Obama Ad Accuses Romney of Outsourcing U.S. Jobs

WASHINGTON (AP) — President Barack Obama's re-election campaign released a new ad Tuesday accusing Republican Mitt Romney of outsourcing jobs and slamming him for keeping money in foreign bank accounts.

The ad says Romney "shipped American jobs to places like Mexico and China" when he led the investment firm Bain Capital. And it says Romney "outsourced state jobs to a call center in India" when he was governor of Massachusetts.

[Photo Gallery: Republican Presidential Candidate Mitt Romney on the Campaign Trail.]

The campaign was spending about $780,000 to place the ad in markets in Virginia, Ohio and Iowa, according to a Republican strategist monitoring the purchase of advertising time. Obama's camp only described the ad placement as "a significant buy."

Virginia, Ohio and Iowa are three crucial swing states in November's election.

The Obama ad is partially in response to a spot released last week by the conservative political group Americans for Prosperity. That ad suggested money from Obama's $814 billion economic stimulus package went to overseas green-energy companies.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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