This post has been updated with additional reporting by Evan McMorris-Santoro.
The Obama campaign is capitalizing on Mitt Romney's promise to cut funding to PBS and Sesame Street's Big Bird with a new ad mocking Romney's dedication to stripping this funding. During the last Wednesday's debate, Romney mentioned cutting funding to PBS even though he likes Big Bird in order to cut the deficit.
"Bernie Madoff, Ken Lay, Dennis Kozlowski, criminals, gluttons of greed," the narrator says. "And the evil genius who towered over them? One man has the guts to speak his name."
The ad then cuts to footage of Mitt Romney saying three separate times, "Big Bird."
"Mitt Romney knows it’s not Wall Street you have to worry about, it’s Sesame Street," the narrator ends the ad. "Mitt Romney: Taking on our enemies no matter where they nest."
The Obama campaign confirmed to TPM the ad will run on broadcast and cable nationally. The campaign said the ad buys will be "targeting comedy shows specifically," suggesting the ads will run in late night.