New Romney ad hits Obama on the "fine" economy

This photo combo shows President Barack Obama in Chapel Hill, N.C. on April 24, 2012, and Republican presidential candidate, former Massachusetts Gov. Mitt Romney on April 18, 2012 in Charlotte, N.C. Obama and his likely GOP opponent, Romney, agree on an issue of importance to college students: Keeping the interest rate low on a popular federally subsidized student loan issued to low-and middle-income students. (AP Photo)

This photo combo shows President Barack Obama in Chapel Hill, N.C. on April 24, 2012, and Republican presidential candidate, former Massachusetts Gov. Mitt Romney on April 18, 2012 in Charlotte, N.C. Obama and his likely GOP opponent, Romney, agree on an issue of importance to college students: Keeping the interest rate low on a popular federally subsidized student loan issued to low-and middle-income students. (AP Photo)

WASHINGTON (AP) -- Presumptive presidential nominee Mitt Romney has released a Web video hammering President Barack Obama for his assertion Friday that "the economy is doing fine."

The Romney campaign has paid for the 54-second spot, which opens with the president at a White House press conference.

The ad shows eight people talking about their experiences: staff cuts, job loss, personal bankruptcy, a two-year job hunt, no healthcare and a slashed pension and other concerns. The ad closes with, "No, Mr. President, we are not doing fine."

Romney is using Obama's remark to cast the president as out of touch with the average American, a criticism the president's campaign has tried against Romney.

The economy with its stubborn 8.2 percent unemployment is the biggest issue for voters and a weak spot for Obama.


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