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In New Ad, Obama Camp Continues To Hammer McCain "Fundamentals" Comment

As we noted in a story yesterday evening, the Obama campaign quickly jumped on John McCain's statement yesterday that "the fundamentals of our economy are strong." McCain made the comment on the same day that two major Wall Street institutions effectively collapsed, and the Obama campaign portrayed McCain's response as evidence that the Republican nominee is "out of touch with what's going in the lives of ordinary Americans."

Now the Obama campaign has released an ad further pounding home the point. "Fundamentals," a 30-second spot the campaign will only say is airing in "key states," opens with yesterday's grim news and nerve-racking music.

These words appear onscreen: "September 15, 2008: Lehman Brothers Collapses. Markets In Turmoil. Job Losses At 605,000 For The Year. Foreclosures At 9800 A Day. And John McCain Says?"

The spot then cuts to video of McCain speaking yesterday.

"Our economy I think, still, the fundamentals of our economy are strong," he says.

McCain's words then appear onscreen, with a question mark signaling incredulity added at the end. McCain is then shown saying the phrase over and over again as the ad asks, "How Can John McCain Fix Our Economy If He Doesn't Understand It's Broken?" The spot closes with a shot of McCain with President George W. Bush.

Watch: