Obama pushes back on 'You Didn't Build That' flap

By the Associated Press | July 24, 2012 | 7:41 PM EDT

President Barack Obama greets supporters upon his arrival, Tuesday, July 24, 2012, at the 142nd Fighter Wing Oregon Air National Guard Base, in Portland, Ore. President Barack Obama has arrived in Oregon to raise money for his re-election campaign. (AP Photo/Rick Bowmer)

NEW YORK (AP) — President Barack Obama's re-election campaign has released a new television ad pushing back at Republican Mitt Romney's effort to use some of Obama's words against him.

Romney has taken Obama to task for saying "you didn't build that" in a campaign speech about how government helps small businesses thrive. Romney's campaign is running ads that suggest Obama doesn't think entrepreneurs build their own businesses.

The new Obama ad features the president speaking directly to the camera. He says the Romney ads take his words out of context and, the president says, are "flat out wrong."

Obama says was referring to public programs like education and infrastructure that helped businesses be successful.

The ads are running in several general-election battleground states including Virginia, North Carolina, Florida, Ohio, Iowa and Nevada.