Romney ad hits Obama for political payoffs

Mitt Romney is keeping up with the theme of cronyism in the Obama administration in a new TV ad charging that people with close ties to the president have been rewarded with taxpayer funds.

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"Where did all the Obama stimulus money go?" asks the ad's narrator, before answering: "Friends, donors, campaign supporters, special interest groups."

The ad hits on the $535 million in loan guarantees backed by the Obama administration that were awarded to Solyndra, an energy firm that later filed for bankruptcy. It also touches on federal funds spent on "windmills from China and electric cars from Finland."

The ad ends with a clip of Sen. Charles Schumer of New York -- a member of the Senate Democratic leadership -- talking about an investigative report showing "79% of 2.1 billion in stimulus grants awarded through it went to overseas companies."

Separately, the Romney campaign also released a new Spanish-language ad featuring his son, Craig, talking about immigration. Craig Romney talks about his grandfather George's birth in Mexico and that his father "values very much that we are a nation of immigrants."