Obama quietly releases new ad in response to his "private sector is doing fine" gaffe

Without the usual fanfare, the Obama campaign released a new TV ad that was made in response to his "the private sector is doing fine" gaffe.

The ad criticizes Mitt Romney "and his billionaire allies to distort the president's words."

We all know that the private sector is not doing fine and hasn't for a while. Well, Obama doesn't know that.

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"Mitt Romney 2012 Shirt"