Obama Ad to Air in Iowa; Accuses Romney of Outsourcing U.S. Jobs

President Barack Obama speaks at the University of Iowa, Wednesday, April 25, 2012, in Iowa City, Iowa. (AP Photo/Carolyn Kaster)

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By Lauren Peikoff

Story Created: May 1, 2012 at 5:19 AM CDT

Story Updated: May 1, 2012 at 5:19 AM CDT

WASHINGTON (AP) - President Barack Obama's re-election campaign has released a new ad that accuses Mitt Romney of outsourcing American jobs and slams the Republican candidate for keeping money in foreign bank accounts.

The ad says Romney "shipped American jobs to places like Mexico and China" when he led the investment firm Bain Capital. And it says Romney "outsourced state jobs to a call center in India" when he was governor of Massachusetts.

The ad will be broadcast in Virginia, Ohio and Iowa, three crucial swing states in November's election.

The Obama ad is partially in response to an ad released last week by the conservative political group Americans for Prosperity. That ad suggested money from Obama's $814 billion economic stimulus package went to overseas green-energy companies.

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