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"Lazy" +
:30 ad run starting Nov. 16, 2011 on broadcast and cable in Iowa.

[Music] Obama video clip:  We've been a little bit lazy I think over the last couple of decades.

Perry:  Can you believe that?  That's what our President thinks wrong with America?  That Americans are lazy?

That's pathetic.  It's time to clean house in Washington.

It's time for a Balanced Budget Amendment that forces Washington to stop overspending.

If Congress balks, cut their pay and send them home.

Obama's socialist policies are bankrupting America.  We must stop him now.

I'm Rick Perry.  I approve this message.

Notes: A number of commentators pointed out that the Obama quote was taken out of context.  Obama, speaking at the APEC Business Summit in Honolulu on Nov. 12, stated: 

...there are a lot of things that make foreign investors see the U.S. as a great opportunity—our stability, our openness, our innovative, free-market culture.

But, you know, we've been a little bit lazy, I think, over the last couple of decades. We've kind of taken for granted, well, people will want to come here, and we aren't out there hungry, selling America and trying to attract new businesses into America....

From the Perry campaign press release...

"As President Obama continues to make excuses for our nation's economic struggles, apologizing for America and disparaging Americans by calling us lazy, soft and un-ambitious, Gov. Perry is offering solutions to reverse the damage inflicted by this out-of-touch administration," said Perry campaign communications director Ray Sullivan. "This ad underscores Gov. Perry's priority to overhaul Washington through common-sense measures including a balanced budget amendment and reducing Congressional salaries."