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The accusations over China come against the backdrop of a sluggish economy. The June jobs report released Friday found that the economy added only 80,000 jobs during the month and unemployment stayed at 8.2 percent, fueling Romney's charges that Obama has failed to guide the economy out of the recession. The Obama spot is part of a $25 million ad buy in July and will run in New Hampshire, Virginia, North Carolina, Florida, Ohio, Iowa, Colorado and Nevada. The ad represents the latest attempt by Obama's team to undercut Romney's argument that his private sector experience makes him more qualified than the president to steer the economy during high unemployment. It cites a recent Washington Post story outlining how several businesses backed by Romney's former firm, Bain Capital, transferred jobs to lower-wage countries such as China and India. Romney's campaign has questioned the accuracy of the report and asked the Post for a retraction. The newspaper stood by its report. At campaign events, Obama has repeatedly pointed to the outsourcing charges, saying he would end tax credits for companies that shipped jobs overseas, similar to a pledge he made during his 2008 campaign. "You want somebody who will give tax breaks to companies that create jobs in manufacturing here in the United States, not ship them overseas," Obama said last month in Miami Beach, Fla.
[Associated
Press;
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