There's nothing false in this Romney ad, but people are inclined to be confused by the statement about Jeep building cars in China.

We talked earlier about Mitt Romney getting caught repeating a blatant untruth last week -- he falsely claimed Jeep may be moving "all production to China" -- then in an astounding display of chutzpah, turning that falsehood into a television ad.

The president has issued his own ad.