The Karl Rove led group Crossroads GPS says they will spend $20 million over the next couple of months attacking President Obama's record on the economy.
Hotline on Call says the ad will run on cable networks and in some key 2012 battleground states.
The $20 million that the Rove-aligned group has committed to the ad campaign - well over one year before the presidential election - is a telling indicator of how much clout it will be wielding in the 2012 campaign. It raised about $70 million for the entire 2010 cycle on Senate and House races. In just one campaign, it's spending a significant sum of that to attack President Obama at this early stage.
And the money on this one ad campaign alone is more than three times the $6.2 million that the Republican National Committee, which usually funds ads like these, has in cash on hand. (That doesn't include the $18.5 million the RNC has in debt.)
The first ad is below.