Romney ad hits Obama for ‘broken promises’ on spending, economy

The Mitt Romney campaign released a Web ad on Monday hitting President Obama over what it says are “broken promises” on spending.

The ad begins with a graphic reading, “What Barack Obama promised,” cutting to Obama’s speech at the Democratic National Convention in 2008.

“I will also go through the federal budget line by line, eliminating programs that no longer work and making the ones we do need work better and cost less, because we cannot meet 21st-century challenges with a 20th-century bureaucracy,” Obama says in the clip.

The ad then flashes a graphic reading, “What President Obama delivered.”

The video cuts to dark skies and ominous music over title cards highlighting headlines from the General Services Administration scandal, in which officials spent nearly $1 million on a lavish Las Vegas conference; an Associated Press report saying the country is in the fourth straight year of deficits over $1 trillion; and a Department of Treasury figure that says public debt has reached a record $15.6 trillion.

The ad concludes by directing viewers to visit a Romney site:

Spending issues have been constant sources of conflict between the president and Republicans in Congress, and the Romney campaign has argued that Obama’s policies have deepened the recession by causing uncertainty in the markets.

Democrats argue, though, that the president’s stimulus spending, and other policies, such as extending unemployment benefits, have kept the recession from being worse.