In new ad, Clinton says "we need to keep going" with Obama

NEW YORK, NY - AUGUST 14: Former U.S. President Bill Clinton attends the funeral service for Marvin Hamlisch at Temple Emanu-El on August 14, 2012 in New York City. Hamlisch died in Los Angeles on August 6, 2012 at age 68. In his long and distinguished career, the music man had received a Pulitzer Prize as well as the Oscar, Tony, Emmy and GRAMMY. (Photo by Rob Kim/Getty Images) Rob Kim

(CBS News) One day after Mitt Romney used former President Bill Clinton in an ad to bash President Obama over welfare, Mr. Clinton is featured in an ad backing President Obama's economic vision.

"The Republican plan is to cut more taxes on upper income people and go back to deregulation. That's what got us in trouble in the first place," Mr. Clinton says speaking to the camera. "President Obama has a plan to rebuild America from the ground up, investing in innovation, education and job training. It only works if there is a strong middle class."

"That's what happened when I was president. We need to keep going with his plan," Clinton concludes.

The GOP ad, released Wednesday, featured archived footage of Mr. Clinton speaking about welfare reform in 1996. In the spot, Republicans insinuate that President Obama gutted work requirements for welfare recipients, a claim that has been refuted by independent analysis.

The Obama ad, "Clear choice," will air in battleground states of New Hampshire, Virginia, North Carolina, Florida, Ohio, Iowa, Colorado, Nevada.

Related: Poll: Ryan pick helps cut into Obama lead in Wis.

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    Leigh Ann Caldwell is a political reporter for CBSNews.com.

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