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Crossroads GPS to go up with big ad buy hitting Obama on economy

Crossroads GPS, one of the two Karl Rove-founded GOP outside groups that played such a big role in last year's midterm elections, is back on the air.

This time, it's running a $5 million ad buy -- as part of a $20 million initiative -- hitting President Obama on the economy. The two-week ad campaign begins airing on Monday, and it will appear in battleground states like Colorado, Florida, Iowa, Missouri, North Carolina, New Mexico, Nevada, and Virginia. It also will air in Nebraska and Montana, which hold key Senate contests in 2012.

"Fourteen million out of work.America drowning in debt," the ad concludes. "It’s time to take away Obama’s blank check."

Bill Burton of the Democratic Super PAC group Priorities USA Action issued this statement about the Crossroads GPS ad buy:

"Not content with the grave economic crisis he helped to leave our country with, Karl Rove now wants to stop President Obama from fixing it. While President Obama is making progress, the Republican economic plan would 'essentially end Medicare' in order to give tax breaks to oil companies and their other wealthy donors. Whether it's by running millions of dollars in negative ads about the economy or by walking away from critical economic talks in Congress, Washington Republicans are demonstrating an unwavering commitment to stopping any real progress on the economy."