This post has been updated.
The 30-second ad, entitled “Succeed,” touts a resurgence of the auto industry that the ad says helped bring about economic restore economic security to middle class families.
“The decision to intervene with the auto industry was not popular,”Obama says in the ad. “But I was convinced it was the right thing to do, because it wasn’t just the million jobs that were at stake. It was also part of what built our middle class, creating products stamped with those words “Made in America”.What happened in Detroit can happen in all sorts of communities where when you combine American innovation with the best workers in the world, we can succeed.”
Republican presidential candidate Mitt Romney’s spokeswoman said, “President Obama has failed to live up to the promises he made in his 2008 campaign. With 23 million Americans struggling for work, President Obama’s policies have not improved the lives of Americans,” said Amanda Henneberg.
“Mitt Romney proposed the right course for the automakers – a structured bankruptcy process to allow them to emerge as sustainable and profitable enterprises,” she said. “We deserve better from our president than campaign ads designed to cover up record-high unemployment, falling incomes, and out-of-control spending and debt.”