Obama Hits McCain and Bush on Economics in New Ad

Barack ObamaBarack ObamaWATCH LIVE: Obama speaks at African American Museum opening Obama talks racial tension at African-American museum opening Trump in 2011: Clintons ‘have done so much’ for blacks MORE's new television ad criticizes John McCainJohn McCainSenate rivals gear up for debates McCain opponent releases new ad hitting his record Why is the election so close? Experts say it's all in your head MORE's economic policies as proposals that are too close to President Bush's.

The ad starts with an image of a mock book called "Economics" that's authored by McCain and has a foreword by Bush. It notes that McCain has backed Bush 95 percent of the time as a senator and would continue spending on military operations in Iraq while that country has built its own surplus.

The spot will run in 16 states.

Read the transcript and watch the video of the ad below:

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