American Crossroads Ad Attacks Obama For Auto Bailout, Solyndra

A critical new ad from American Crossroads, the Karl Rove-backed 527 organization, hits back at President Barack Obama’s campaign for “attacking private equity.”  

The ad, titled “Public Equity” and released Monday, is notable for its criticism of the restructuring of the U.S. automotive industry, widely considered a success for the Obama administration.  

“But under the government auto bailout investment, 2,000 dealerships were shuttered, wiping out over 100,000 American jobs,” the narrator says.  The ad also takes aim at Obama’s associations with Solyndra, the solar energy company that went bankrupt after receiving taxpayers’ money.