adwatch: obama ad says romney sent jobs overseas - energy storage companies

WASHINGTON-duration: 30 seconds for "Swiss bank account.
Broadcast on the battlefield in Virginia, Ohio and Iowa.
Key Picture: The advertisement starts with "at the top, wrong, out of context", using these words to display pictures of the wind farm, "new attack advertisement for big oil ", referring to a recent ad by a conservative group that accused the 2009 stimulus package of capital flow overseas for Green
Energy company.
Obama was then photographed next to the president of the United States. S.
Displays a map of domestic clean energy projects funded by the Department of Energy.
The ad says Obama has helped create jobs in the United States, not overseas.
Next is a photo taken by Republican rival Mitt Romney with the world map. He said he shipped jobs to Mexico and China as chief executive of the company.
According to the ad, Romney, Governor of Massimo usetts, "outsourced state work to a call center in India," a photo of the Taj Mahal flashed.
The ad then showed a closed warehouse and accused Romney of seeking tax incentives for companies that want to ship jobs overseas, concluded, "This is exactly what you expect from someone who has a Swiss bank account.
"Analysis: The Obama campaign ads are designed to defend the president's record in clean energy, which is the ongoing focus of the Republican attack, mr. Romney is portrayed as a corporate attacker who helps companies create jobs overseas.
The American for Prosperity, founded by billionaire oil industry brothers Charles and David Koch, spent $6 million this year criticizing Obama's ads, not solindra, California --
Despite a $0. 528 billion federal loan, the solar company went bankrupt.
Recently, the group said Obama passed an economic stimulus bill to help transfer jobs to foreign companies overseas, including some that make wind turbines or electric cars.
Independent analysts say that while some foreign countries
Under the stimulus act, these companies have received loans or tax credits that own the U. S.
Subsidiaries benefiting from federal aid.
While the ad highlights the Department of Energy's clean energy program, there is no mention of several high
Profile failures including Solyndra and Beacon Power Corp.
An energy storage company in Massachusetts also went bankrupt after receiving a federal loan.
The two loans alone cost the government $0. 567 billion.
Advertising's focus on outsourcing highlights one of Obama's key strategies: bashing Romney's work in Massachusetts and being the head of investment firm Bain Capital, it is doubtful how he will lead the economy to recover from a deep recession.
The ad claimed that Romney was accurate as Bain's CEO to ship jobs overseas, but was somewhat misleading.
In essence, venture capitalism tends to lead to unemployment, because profitability and efficiency are critical to investors, not how many people are in wages.
Bain Capital makes profits in the US. S.
Under Romney, jobs have risen and declined, and Bain Capital is known for reversing struggling companies and building good companies.
Famous brands such as Domino Pizza and Staples office supply retailers.
But there is a price for success.
A comment from The Associated Press showed Bain made profits from many companies it took over by cutting costs and cutting labor.
Under Romney, some companies that Bain took over eventually moved jobs overseas.
The ads are largely negative, highlighting the Obama campaign's attempts to define Romney as a wealthy businessman out of touch with ordinary Americans.
As Governor Mitt Romney vetoed a 2004 bill that would ban suppliers doing business with the state from moving jobs overseas.
He was quoted as saying in news reports at the time that the Democrat
In a hurry, a written plan has been formulated to drive away some enterprises in the event that employment opportunities cannot be created in the country.
In a recent financial report, Mr. Romney said he closed a Swiss bank account in 2010.
Mr. Romney's advisers say the investments are based on tax returns and are not a tool for tax avoidance.
AP writer Andrew Miga contributed to the report.