Crossroads GPS Buys $7 million in Ads
Crossroads GPS has purchased $7 million in advertising to blast the Obama administration over debt. The sister group to American Crossroads, the super PAC, launched the TV advertising on Tuesday that blasts President Obama’s administration over the country’s debt and accuses the President of increasing the debt faster than he is increasing the economy.
The organization, which uses Karl Rove as an adviser, pledged to purchase $25 million in issue advocacy during the election cycle that will be aimed at putting a focus on jobs, healthcare, the economy and the debt during the presidential election.
Crossroads is a nonprofit tax-exempt group and it can therefore spend an unlimited amount of money for politics, but at least 50% must be spent on issues of policy. The group does not have to reveal the names of any of its donors.
In one ad, the narrator explains that in the time taken to watch the ad, the debt in the U.S. will increase by $1.4 million. It says that Obama is increasing the debt by $4 billion a day and borrowing money from China to cover his spending.
The 30-second ad will run for 14 days in Florida, Iowa, Colorado, New Hampshire, North Carolina, Ohio, Virginia, Pennsylvania and Michigan.
The Obama campaign on Monday hit back at the Republican candidate Mitt Romney with a new ad that attacks his economic leadership credibility. The ad purchase was $10 million and will appear in the majority of the states that the ad from Crossroads is running.