Rove group spends $20m to hammer Obama's economic record 

Crossroads GPS, the conservative group co-founded by GOP strategist Karl Rove, launched a $20 million campaign Monday to flood Virginia and a handful of other battleground states with television ads hammering President Obama's handling of the economy.

The "Shovel Ready" ad will play in 10 states, including Colorado, Florida, Iowa, Missouri and other areas crucial to Obama's re-election bid.

The ad, which assails Obama for high unemployment, an exploding debt and soaring gas prices, uses the president's own words against him. Recently, the president quipped during an event that projects in his stimulus plan were "not as shovel-ready as [he] expected."

The group says it expects to spend $120 million on the presidential and congressional races. As a "social welfare" organization under the tax code, Crossroads GPS is not required to reveal its donors.

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