12/20/2011 01:45 pm ET Updated Dec 06, 2017

Newt Gingrich 'Baggage' Ad: Restore Our Future Explains Why Barack Obama Is 'Happy' (VIDEO)

"Know what makes Barack Obama happy? Newt Gingrich's baggage."

That's the claim put forth in a Tuesday ad released by Restore Our Future. The super PAC, which backs Republican rival Mitt Romney, unveiled a steady stream of grievances, casting Gingrich as a candidate that "has more baggage than the airlines."

Topping that list is Gingrich's well-documented dealings with Freddie Mac. The ad underlines how the loan mortgage corporation "helped cause the economic collapse, but Gingrich cashed in."

The clip then shifts to Gingrich's relationship with Nancy Pelosi. He's criticized for teaming up with her to tackle global warming, as well as supporting a bill giving millions to a U.N. program "supporting China's brutal one-child policy." Gingrich and Pelosi co-sponsored hundreds of bills during their 12 years serving together in the House.

Then comes a stroll down memory lane to Gingrich's mid-1990s troubles. The ad notes that Gingrich is the only House speaker in history to be reprimanded. "He was fined $300,000 for ethics violations -- by a Republican Congress."

The timing of the ad's release comes with some irony. Six months ago, Romney's camp came out in favor super PACs. On Tuesday's edition of MSNBC's "Morning Joe," the GOP hopeful took a different stance.

"Campaign finance law has made a mockery of our political campaign season," he told viewers. "We really ought to let campaigns raise the money that they need, and just get rid of these super PACs."

WATCH the clip below: