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Obama campaign deploys Big Bird in new ad

A person dressed as Big Bird holds a sign outside Republican presidential candidate, former Massachusetts Gov. Mitt Romney's headquarters, Monday, Oct. 8, 2012 in Derry, N.H. where House Speaker John Boehner of Ohio was about to speak to supporters. (AP Photo/Jim Cole)A person dressed as Big Bird holds a sign outside Republican presidential candidate, former Massachusetts Gov. Mitt Romney's headquarters, Monday, Oct. 8, 2012 in Derry, N.H. where House Speaker John Boehner of Ohio was about to speak to supporters. (AP Photo/Jim Cole)

NEW YORK (AP) — President Barack Obama's campaign is deploying Big Bird in a new TV ad chiding Mitt Romney for saying he will end federal funding for public broadcasting.

The satirical ad shows images of convicted financiers, including Bernie Madoff and Enron's Ken Lay, and suggests Romney thinks Big Bird is behind their crimes.

A person dressed up as Big Bird holds a sign against Republican presidential candidate, former Massachusetts Gov. Mitt Romney outside the Romney headquarters, Monday, Oct. 8, 2012 in Derry, N.H. where House Speaker John Boehner of Ohio was about to speak to supporters. (AP Photo/Jim Cole)A person dressed up as Big Bird holds a sign against Republican presidential candidate, former Massachusetts Gov. Mitt Romney outside the Romney headquarters, Monday, Oct. 8, 2012 in Derry, N.H. where House Speaker John Boehner of Ohio was about to speak to supporters. (AP Photo/Jim Cole)

The Republican hopeful said in last week's debate that he would end subsidies to PBS as a way to cut federal spending, even though he likes Big Bird. Obama's ad pokes fun at that assertion, saying Romney "knows it isn't Wall Street you need to worry about, it's Sesame Street."

Republicans say the ad shows Obama is focusing on inconsequential matters rather than more urgent issues like the economy and the Middle East.