Obama’s Lame New “Bermuda” Ad

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The Obama campaign released this ad today and held a press conference outside the RNC to gin up news coverage of it.

I don’t understand why the Obama campaign is running this ad.

I can’t wrap my brain around the fact that they are airing an ad this frivolous, low-budget, and general crappy. But that’s not my point. I don’t understand why they are running this ad now, with all the other news that ought to be focused on. Does anyone care about offshore tax shelters and John McCain’s vacation to Bermuda right now? With the Congress debating how to use a sum of money the size of the annual federal budget to keep the American economy from collapsing?

Is the Obama campaign trying to dilute a news cycle that it is benefiting from?