Here's a transcript of the ad:
BARACK OBAMA: Elizabeth Warren, she's a janitor's daughter; who's become one of the country's fiercest advocates for the middle class. She came up with an idea for a new independent agency that would have one simple overriding mission: standing up for consumers and middle class families.Whoa, whoa, whoa. Hold on there, Ms. Warren! What do you mean we can take on the big banks and win? Who's we? Barack Obama and Elizabeth Warren? OMG! But but but... the whiners on the "Lefty" corners of the net have been telling us constantly and Barack Obama is a Wall Street lackey and that's why he didn't nominate Warren to the Consumer Financial Protection Bureau (the subject of this ad)! Wuaaaa!!!
ELIZABETH WARREN: The big banks tried to stop us, but that new agency is already working to cut the fine print and hold those banks accountable. We can take on the big guys, and win.
I'm Elizabeth Warren, and I approve this message.
If you remember the version of the relationship between President Obama and Elizabeth Warren offered by utterly clueless whiners on the Professional Left, Katrina vanden Heuvel for example, Obama and Geithner were merely pressured into giving Warren a prominent role. That they really wanted to undermine her, because they were Wall Street lackeys who really didn't want to regulate the big banks, and the financial reform legislation that created into law the agency that was Warren's brainchild wasn't worth the paper it was written on. That if President Obama didn't appoint Warren to head the agency, it was evidence that he is a weak-kneed sellout who was afraid of a fight, even if the actual appointee was a hand-picked protege of Warren's and a stellar Director in his own right.
Warren's ad just drove a dagger to the heart of that meme. Not only is she proud to stand with the President and feature the President in her ad, it was with his leadership that we could "take on the big guys, and win."
Of course, as we have pointed out again and again, Elizabeth Warren isn't only a close ally of President Obama's, she's been instrumental shaping Wall Street reform, especially the consumer protection agency. And she chose to do the early work on it rather than be its Director on an ongoing basis, which, incidentally, freed her up to run against Scott Brown and run this awesome ad.
Speaking of her run, don't forget to give her some love at Elizabethwarren.com.
SUPER DUPER DOUBLE BREAKING UPDATE (4:40 pm Pacific): Representatives of the Netroots and Professional Left have weighed in on this now. I note their complete, unedited response below: