(KUTV) The Obama for President campaign came out swinging against Mitt Romney on Monday with a $25 million ad campaign.

The 2-minute documentary-style ads are airing in 5 key swing states going after Romney's job-creating record.

However, some major newspapers have come out in Romney's defense.

They say that while the ad is factual in that jobs were lost, it's terribly misleading in the overall premise that Romney was the "job killing vampire" in chief.

The attack ad hits at the heart of Romney's campaign – calling him a vampire that sucks out the life of jobs.

Obama is going after Romney’s business credentials and time at Bain Capital – undermining Romney’s argument that he can turn the economy around by creating jobs.

In full, the ad can be viewed online at romneyeconomics.com.

The ad runs for 6 minutes where you hear to Joe Soptic share his heartfelt story about losing his job at GST Steel along with Davis Foster who led union negotiations with Bain.

However, fact checks find several issues with the ad.

First, Romney was in Salt Lake City running the 2002 Olympics when GST Steel went under. Romney was no longer a decision-making member of Bain.

Also important to note is that Bain took over the GST Steel mill in 1993. When it was on the verge of collapse, they kept it running and saved jobs for nearly 10 years.

But eventually, GST, like Utah’s own Geneva Steel Mill, was forced into bankruptcy.

Increased foreign competition and higher labor costs at the time made turning a profit in the steel industry nearly impossible.

On Monday, Obama's former car czar, or lead auto adviser, denounced the ad as dishonest.

He said it’s unfair because Bain’s job was simple: to make wise profit decisions for investors. Their goal was to turn around failing business and also know when to walk away.

“To pick out an example of somebody who lost their job unfortunately, this is part of capitalism this is part of life. And I don't think there's anything Bain Capitol did to be embarrassed about,” Rattner said.

The Obama campaign plans to continue with similar ads in the weeks to come – hoping to chip away at Romney before his likely nomination in August.

As for national polls, the most recent by CBS/NY Times has Romney up 46% to Obama’s 43%.

However, two polls last week had Obama up by about 6%.

When looking at swing states such as Florida and Ohio – the race is neck and neck within one percentage point.

(Copyright 2012 Sinclair Broadcasting Group)Obama Campaign Calls Romney "Job Sucking Vampire"