New Romney ad accuses Obama of directing stimulus cash to supporters

ByABC News
July 18, 2012, 8:44 AM

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AKRON, Ohio--Mitt Romney continued his attack on President Barack Obama's ties to political donors, releasing a new television ad Wednesday that attacks the president for routing taxpayer dollars to supporters and overseas companies.

The spot begins with a shot of burning cash falling across the screen.

"Where did all the Obama stimulus money go?" a narrator asks. "Friends, donors, campaign supporters, special interest groups."

The ad goes after two companies linked to Obama supporters that Romney has repeatedly mentioned on the campaign trail: the green energy company Solyndra, which filed for bankruptcy after receiving more than $500 million in federal loans, and Fisker, a California hybrid car company that builds part of its automotive fleet in Finland that also received federal money.

The ad ends with footage of New York Sen. Chuck Schumer, a Democrat, speaking at a March 2010 press conference about a report that found stimulus money being routed overseas.

"Seventy-nine percent of the $2.1 Billion in stimulus grants awarded through it went to overseas companies," Schumer is shown saying.

The Romney campaign did not say where the ad is running or how much its ad buy is for. The spot comes a day after Romney unveiled an aggressive new stump speech attacking Obama on cronyism and for not supporting American innovation and businesses.