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New Obama Ad Suggests "American Dream Is Fading"

The Obama campaign has released a new ad, "Better Off," which casts America's present economic situation in a strongly negative light. "We need a new direction – now," Obama says in the spot.

It will air in "key states."

"The highest unemployment in seven years," an announcer says as the spot opens. "A record one million homes in foreclosure. Financial markets in turmoil. Wages declining. Food and gas prices soaring."

Then Obama can be heard speaking.

"For too many, the American dream is fading," he says. The middle class is struggling. We simply can't afford more of the same. We need a new direction – now. And that's why I'm running for president."