Obama Ad Takes On McCain Proposal

Barack Obama's campaign released a new ad this morning targeting the mortgage proposal John McCain unveiled during Tuesday night's debate. The ad will run on cable nationally, according to the campaign.

"In a time of crisis, our leaders' judgment is tested. On Tuesday – an announcement," an announcer begins. The ad uses McCain from the debate: "I would order the Secretary of the Treasury to immediately buy up the bad home loan mortgages in America." The announcer continues: "On Wednesday, the details. McCain would shift the burden from lenders to taxpayers – guaranteeing a loss of taxpayer money. Who wins? The same lenders that caused the crisis in the first place. Putting bad actors ahead of taxpayers?
We can't afford more of the same." Watch it: