- Associated Press - Tuesday, July 3, 2012

WASHINGTON (AP) — President Obama’s re-election campaign on Tuesday launched a new attack on Republican rival Mitt Romney’s business record.

In the television advertisement, the campaign says that Mr. Romney invested in companies that moved jobs overseas and supports tax breaks for companies that do so. The ad, titled “Believe,” says Mr. Obama believes in “insourcing” and favors tax cuts for companies that bring jobs back to the United States.

Democrats believe a drumbeat of ads accusing Mr. Romney of shipping U.S. jobs overseas is starting to take hold in battleground states and impact voters’ views of the presumptive GOP nominee.

The ad is running in nine politically important states, including Colorado and Virginia.