SNEAK PEEK: Thompson Hits Airwaves

Fred Thompson launches his first television ads Wednesday and the senator-turned-actor-turned-candidate emphasizes his "common sense conservative principles" while speaking in a small town diner.

"I grew up in a little hometown just like this," Thompson says, as he shakes hands with diner patrons.

ABC News' Christine Byun reports that the ads will air in Iowa and nationally on Fox News.

"I've been a conservative my whole life," Thompson says in the ad, as a picture of him shaking hands with Ronald Reagan flashes on-screen. "Started the first Young Republican Club in Lawerenceburg, Tennessee."

The "Southern-fried Reagan" is sharpening his tongue, Byun notes, and targeted rival Mitt Romney while trying to shore up support in the key early voting state of South Carolina.

From a sportsbar in Fort Mill, S.C, Thompson called out Romney for "buying" support in the Palmetto State.

"Governor, you can't buy South Carolina, you can't even rent South Carolina!" Thompson shouted, after accusing Romney of spending "20 million of his own personal fortune" in his bid for the White House.

(Mike Huckabee may want to look into a royalty check from the Thompson campaign – Thompson's declaration sounds echoes his own statement to Iowa Straw Poll voters this past summer. "I can't afford to buy you. I can't even afford to rent you," Huckabee said.)

Team Romney responds to Thompson's jab, via spokesman Kevin Madden: "Support from voters is earned though hard work and new ideas. Unfortunately for Fred Thompson, he has never shown much passion for either."

Thompson gets down with his southern roots Wednesday and appears with John Rich of Big & Rich at the Country Music Awards in Nashville.

Keep an eye on… Lansing Michigan: The Michigan Democrats' executive committee meets tomorrow night in Lansing and per the AP, Democratic National Committeewoman Debbie Dingell said today "the votes are there" to stick with the Jan. 15 primary.

Wednesday Nov. 14 is the drop-dead date for the Michigan Democrats and Republicans to inform the Michigan Secretary of State if they are going with a Jan. 15 primary to pick their delegates or some other method.

Michigan Democratic Chairman Mark Brewer told the AP today that Wednesday is the last scheduled meeting before Nov. 14 – "emphasizing the word 'scheduled.' He added that "we can meet by phone under the rules" any time between now and then."

New Hampshire Secretary of State Bill Gardner is playing it cool until things are sorted out in Michigan.

"I'm going to wait until I have a clear understanding of what's going to happen [in Michigan]," Gardner told ABC News Tuesday evening.

Barack Obama delivers remarks on the economy in Bettendorf, IA, in a speech his campaign is billing as a "major policy speech."

Rudy Giuliani is in Washington to receive what his campaign is billing as a "major endorsement."

On the campaign trail….

MITT ROMNEY

-- 8:00 am ET: Speaks at EdVenture, Columbia, S.C.

-- 11:45 am ET: Meets with voters, Hilton Head, S.C.

-- 6:30 pm ET: Attends a fundraiser, New Canaan, S.C.

RUDY GIULIANI

-- 9:30 am ET: Receives a "major" endorsement, Washington, D.C.

-- 6:30 pm ET: Visits his campaign state headquarters, West Columbia, S.C.

JOHN MCCAIN

-- 1:00 pm ET: Holds a town hall meeting, Livonia, Mich.

-- 5:00 pm ET: Has media availability, Grand Rapids, Mich.

-- 6:30 pm ET: Attends a fundraiser, East Grand Rapids, Mich.

FRED THOMPSON

-- 8:30 am ET: Meets with voters, Greenville, S.C.

-- Attends a luncheon fundraiser, Nashville, Tenn.

-- 8:00 pm ET: Appears with John Rich, of Big & Rich, at the 41st Country Music Awards, Nashville, Tenn.

MIKE HUCKABEE

-- 11:00 am ET: Tours Iowa Metal Spinners, Cedar Falls, Ia.

-- 12:30 pm ET: Meets with voters, Waterloo, Ia.

-- 3:00 pm ET: Holds an education forum, Cedar Falls, Ia.

-- 6:30 pm ET: Meets with voters, Vinton, Ia.

As for the Democrats…

HILLARY CLINTON

-- 3:30 pm ET: Attends a campaign event, Peterborough, N.H.

-- 7:00 pm ET: Attends a rally, Nashua, N.H.

BILL CLINTON

-- 10:00 am ET: Speaks to a conference on building green, Chicago, Ill.

JOHN EDWARDS

-- 7:45 am ET: Speaks at Politics and Eggs, Bedford, N.H.

-- 10:30 am ET: Holds a town hall meeting, Amherst, N.H.

BARACK OBAMA

-- 10:15 am ET: Delivers "major" policy speech, Bettendorf, Ia.

-- 1:45 pm ET: Holds a town hall meeting, Muscatine, Ia.

-- 5:15 pm ET: Holds a town hall meeting, Burlington, Ia.

-- 7:30 pm ET: Meets with voters, Fort Madison, Ia.

BILL RICHARDSON

-- Spends the evening fundraising in Maryland

CHRIS DODD

-- 10:30 am ET: Holds a press conference, Des Moines, Ia.

-- 12:30 pm ET: Holds a community forum for veterans, Knoxville, Ia.

-- 3:30 pm ET: Holds a community forum for veterans, Burlington, Ia.

-- 7:15 pm ET: Holds a community forum for veterans, Bettendorf, Ia.

At the White House. . .

PRESIDENT BUSH

-- 12:25 pm ET: Tours Mount Vernon with President Sarkozy

-- 12:40 pm ET: Has a photo op with President Sarkozy

-- 12:45 pm ET: Meets with President Sarkozy

-- 3:00 pm ET: Holds a press conference with President Sarkozy

LAURA BUSH

-- 12:25 pm ET: Speaks at a institute renaming in her name, Amarillo, Texas

-- 4:40 pm ET: Speaks at a reception, Odessa, Texas

On Capitol Hill. . .

-- 10:30 am ET: AT&T whistleblower speaks before Senate banking committee on wire-tapping

-- 11:00 am ET: President Sarkozy addresses a joint meeting of Congress

POLITICAL NEWS STORIES ON ABCNEWS.COM

ABC News' Z. Bryon Wolf and Jennifer Parker: Paul Calls $4M Haul 'Remarkable' LINK

ABC News' Jake Tapper: Clinton Papers Won't Be Released Until After Election LINK

ABC News' Kirit Radia: Congress Searches for Answers From Yahoo LINK

ABC News' Z. Byron Wolf: Who are Ron Paul's Donors? LINK

ABC News': Jennifer Parker: Sex and the Single Woman's Vote LINK

ABC News": Nitya Venkataraman: Stats Aren't Everything in Pittsburgh Mayoral Race LINK

ABC News' David Wright: Obama Gets Edgy on Late Night Show LINK

ABC News' Peyton M. Craighill: POLL: Views on Iraq Unchanged Despite Better Casualty Reports LINK

POLITICAL VIDEO ON ABCNEWS.COM

Judith Giuliani Shares Husband's Cancer Battle Mrs. Giuliani discusses her medical background and experience with cancer.LINK

52 Weeks to Go in Ohio No Republican since Lincoln has won the presidency without winning Ohio.LINK

The Four Corners of the Election With one year to go, the Democrats are targeting the inner Mountain states.LINK

Ron Paul Breaks GOP Fundraising Record The WH contender is ready to "beef" up his campaign, raising $4.3M in 24 hours.LINK

Edwards Reaches Out to N.H. 'Heroes' John Edwards releases ad in New Hampshire giving tribute to the American people.LINK

Thompson Plays up Conservative Message Fred Thompson preaches 'common sense' and 'conservative principles' in new ad.LINK

Hillary's Spousal Support Former President Clinton wards off attacks on his front-runner wife.LINK

Political Identity Crisis The Internet provides interactive ways of choosing a presidential candidate.LINK

Attorney General Vote Moves to Senate Floor The Judiciary Committee voted, 8-11, to advance Michael Mukasey.LINK

Bush Discusses Import Safety Policy Bush details new plans to keep Americans safe from harmful imported products.LINK

Musharraf's State of Emergency President Bush urges Pakistan's leader to restore constitutional rights. LINK

Ex-Con Resigns from Thompson's Campaign A key fundraiser for Republican candidate Fred Thompson has a criminal record.LINK

Stump Sam What was Bill Clinton's first executive order?LINK