Barack ObamaBarack ObamaPoll: US favorability in world falls under Trump Dems face identity crisis Inspector general report: Park Service did not change records of crowd size at inauguration MORE's new television ad criticizes John McCainJohn McCainChanging America: America’s growing education divide Congress needs to support the COINS Act GOP’s message on ObamaCare is us versus them MORE's economic policies as proposals that are too close to President Bush's.

The ad starts with an image of a mock book called "Economics" that's authored by McCain and has a foreword by Bush. It notes that McCain has backed Bush 95 percent of the time as a senator and would continue spending on military operations in Iraq while that country has built its own surplus.

The spot will run in 16 states.

Read the transcript and watch the video of the ad below:

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