The Washington Times - June 14, 2012, 08:25AM

The Romney camp on Thursday released a new television ad that challenges President Obama’s economic chops by seizing on his recent assertion that the “private sector is doing just fine.”

The 30-second spot rolls Mr. Obama’s “just fine” remarks from Friday’s press conference and asks how he could say such a thing with 23.2 million people out of work, 40 straights months of unemployment over 8 percent and millions of homeowners underwater on their mortgages.


“How Can President Obama Fix Our Economy … If He Doesn’t Understand It’s Broken?” the ad says.

Mr. Obama later tried clarified his remarks. “It’s absolutely clear the economy is not doing fine,” he said. But in a political world in which both parties are eager to turn sound bites and “gaffes” into political attacks, the damage already had been done. Mr. Romney and Republicans have since pounced on the remarks, touting it as evidence that Mr. Obama is out of touch.

Mr. Obama and Mr. Romney are both scheduled on Thursday to be in the crucial swing state of Ohio, where they plan to lay out — around the same time — their dueling visions for the economy.