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Bachmann out with third presidential campaign TV ad

Rep. Michele Bachmann's newest ad invites Iowa Republicans to join her next week for the Ames Straw Poll and to support her opposition to increased federal government spending.

In the ad, the GOP presidential candidate reminds viewers she did not vote for the debt ceiling increase and she accuses Washington politicians of, "looting the treasury and bankrupting our nation."

"Barack Obama has driven our economy into a ditch," she said in the ad.

Bachmann 2012 says the new ad began running Wednesday, August 3 throughout Iowa.