Romney ad attacks Obama support for auto bailout

August 1, 2012 - 5:39 AM

WASHINGTON (AP) — Mitt Romney is attacking President Barack Obama's support for the auto industry bailout in a new television ad.

The Republican presidential candidate is highlighting a General Motors dealer in Ohio forced to close in 2009. The ad blames the Obama administration for dealership closures across Ohio.

The spot is being released Wednesday, the same day Obama campaigns in Ohio.

The auto bailout was enacted by President George W. Bush in 2008 and continued under the Obama administration. Romney previously argued that the nation's auto companies should be left to go through bankruptcy without government assistance.

General Motors posted record profits last year.

The Romney campaign is also attacking Obama's comments about business creation on more than a dozen billboards in Orlando, Fla., where the president is set to campaign Thursday.