October 05, 2010 11:28 PM UTC

Karl Rove's "Super PAC" Ad Plays Romanoff's Tune

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• by: Colorado Pols

From the Colorado Independent’s John Amick:

Two groups conceived by former Bush White House Senior Advisor Karl Rove and former RNC chairman Ed Gillespie have new independent expenditure ads opposing Sen. Michael Bennet (D-Colo.) and supporting Florida candidate for U.S. Senate Marco Rubio (R). The ads appear the same day as campaign finance watchdog organizations wrote a letter to the IRS asking them to investigate the 501(c)(4) tax status of one of those groups, American Crossroads Grassroots Policy Strategies (GPS)…

The $770,000 Colorado ad buy hits Sen. Bennet over a pension bond deal that he did as Denver Public Schools superintendent with JP Morgan Chase that had an exploding interest rate like an adjustable-rate mortgage. The story, reported by Gretchen Morgenson of the New York Times, broke the Friday before Bennet’s primary win against Andrew Romanoff. American Crossroads, a 527 group, is running the ad, and has spent $1,793,207 against Bennet.

Of course, local media outlets swiftly debunked this attack when Bennet’s primary opponent Andrew Romanoff fired it off as his last-minute (and unsuccessful) Hail Mary play the weekend before the election–but we knew then that wouldn’t stop Republicans and their allies from pulling it out against Bennet later. If nothing else, there’s more time to refute this story than before–helped by the fact that it’s already been refuted.

On the other hand, $770,000 buys an awful lot of truth-by-repetition…