The Obama campaign says yes, saying the economy has recovered from the “worst financial collapse since the Great Depression,” and has generated “30 months of private sector job growth, creating 4.6 million new jobs.”

The ad says: “We’re not there yet. But the real question is: Whose plan is better for you?”

It quotes former President Bill Clinton as saying that Romney plans for tax cuts and fewer regulations are “the same old policies that got us in trouble in the first place.”