(Location: White House - May 14, 2012)(Source: AP)(VO: Obama handshaking at last week's events, then FILE Mitt Romney) (Voice-over)AFTER A SURPRISE CAMPAIGN TWIST THAT BROUGHT GAY MARRIAGE TO THE FORE, IT'S BACK TO THE GROUND PRESIDENT OBAMA AND MITT ROMNEY WERE EXPECTING TO CONTEST: JOBS AND THE ECONOMY.(SOT/President Obama - Barnard speech 1:33 p.m. approx)``Politics seems nastier, Congress more gridlocked than ever. Some folks in the financial world have not exactly been model corporate citizens'' (VO: Cutaways...) (Voice-over)WHILE OBAMA SPOKE TO GRADUATES AT BARNARD COLLEGE, HIS CAMPAIGN UNLEASHED A NEW AD PORTRAYING ROMNEY AS A VULTURE CAPITALIST. (SOT/Obama Campaign Ad - 1:30 - http://www.romneyeconomics.com/gst )``Bain Capital was sucking money out of the company like there was no tomorrow.'' (Voice-over)THE AD FOCUSES ON HOW ROMNEY'S COMPANY RESTRUCTURED A KANSAS CITY STEELMILL -- THAT ULTIMATELY WENT BUST.(SOT/Obama Campaign Ad - 2:10) ``They made as much money off of it as they could, and they closed it down, they filed for bankruptcy, without any concern for the family or the communities.'' (SOT/Ken Thomas, AP - dc race rundown - 11:50:15)"The Obama campaign says that this is an example of what the nation could see if Mitt Romney was running the economy."(VO: FILE Romney)(Voice-over)REPUBLICANS COUNTER ROMNEY CREATED FAR MORE JOBS THAN WERE LOST WHILE AT BAIN -- AND THEY CALL THIS LINE OF ATTACK A DISTRACTION FROM OBAMA'S OWN DISMAL RECORD.(VO: Wide shot Obama at Barnard, then to Romney at Liberty)(Voice-over)MEANTIME, WHILE OBAMA'S COMMENCEMENT SPEECH WAS IN LIBERAL NEW YORK, ROMNEY SPOKE OVER THE WEEKEND AT STAUNCHLY EVANGELICAL LIBERTY UNIVERSITY, WHERE THIS LINE DREW APPLAUSE... (SOT/Romney) ``Marriage is a relationship between one man and one woman.'' (VO: Obama in ABC interviw) (Voice-over)HE WAS RESPONDING TO OBAMA'S ANNOUNCEMENT HE SUPPORTS SAME-SEX MARRIAGE... (VO: Back to Barnard) (Voice-over)... WHICH WAS STILL CLEARLY ON HIS MIND AT BARNARD.(SOT/Obama from Barnard 1:57 p.m. approx) ``No matter who you love or what God you worship, you can still pursue your own happiness.'' (VO: Newsweeks CoverFirst gay president) (Voice-over)WORDS LIKE THESE HAVE NEWSWEEK MAGAZINE CALLING OBAMA AMERICA'S ``FIRST GAY PRESIDENT."(VO: Back to Thomas)(Voice-over)YET THE NEW CAMPAIGN AD HERALDS A NEW PHASE.(SOT/Thomas - 11:51:41)"There's a pivot back to the economy. Both sides know that's where this election is going to be won or lost, on the economy."(VO: FILE Romney handshaking)(Voice-over)THAT'S A BIG REASON REPUBLICAN ROMNEY PLANS MAJOR OFFENSIVE THIS WEEK BLAMING OBAMA FOR AMERICA'S MOUNTING DEBTS.MS, AP, WH (****END****) ANCHOR VOICE: -------------------------VIDEO PRODUCER: ---------------------------VIDEO SOURCE: AP, Pool, ABC News-----------------------VIDEO APPROVAL: ----------------------------VIDEO RESTRICTIONS: ----------------------------------MARKET EMBARGO (S): --------------------------------SCRIPT/WIRE SOURCE: