GOP ad hits Marshall for lost $50 million investment

Republicans are striking back at congressional candidate Kate Marshall on TV, criticizing the Democrat’s fiscal management as state treasurer.

The GOP ad begins airing Friday, two days after Marshall went up with her first TV ad attacking her GOP opponent Mark Amodei.

The $225,000 media buy by the National Republican Campaign Committee will keep the ad running for two weeks in the key Reno market as the two candidates compete in a Sept. 13 special election for the 2nd Congressional District. It covers GOP-leaning Northern and rural Nevada and a bit of Clark County.

In the 30-second spot, a video clip of Marshall shows her boasting that she has "taken the state through this fiscal crisis, steered it with a steady hand."

An announcer asks, "How did Democrat Kate Marshall do that? Gambled away $50 million of your dollars on Wall Street."

The criticism is a reference to a $50 million investment in Lehman Bros., that the state lost in 2008 when the bank failed.

The ad also claims that spending increased by 33 percent in the treasurer’s office under Marshall, who has held the job since 2006.

In another video clip in the ad, Marshall is speaking to a Democratic Party barbecue in 2009 as Nevada’s economy continued to suffer with the national recession. She tells those gathered that she’s "in charge of your money and you have some — you don’t got a lot."

"No wonder," the ad announcer says. "You can’t afford Democrat Kate Marshall in Congress."

The last ad image shows Marshall smiling and posing for a photo with President Barack Obama, who has his arm around her shoulder.

Early voting begins in less than a month for the special election to replace U.S. Rep. Dean Heller, R-Nev., who was appointed U.S. senator to replace John Ensign.

The House seat has always been held by a Republican, so Marshall faces an uphill battle to win it. But her first attack ad hit a soft spot for Amodei in the current anti-tax political atmosphere. She reminded voters that Amodei co-sponsored a $1 billion tax plan in 2003 when he was a state senator.

Amodei’s three TV commercials have not mentioned Marshall. Instead, they’ve criticized the economic policies of Obama and U.S. Sen. Harry Reid, the Democratic leader of the Senate.

The NRCC’s costly entry into the TV ad war shows the GOP wants to take no chances that it could lose the seat. Amodei also needs help since he has raised half as much money as Marshall and had less than $100,000 cash on hand at the end of June compared with $200,000 for Marshall.

Marshall, in anticipation of the GOP ad hit, sent an email to her supporters on Thursday asking them to contribute so she could quickly raise money for her TV ad campaign.

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