Mitt Romney's latest web ad targets President Obama's inability to create jobs, the failures of the Department of Energy's loan guarantee program, and "contracts steered to ‘friends & family.'" Watch here:

Here's the script:

VOICEOVER: “President Obama is spending your tax dollars to create jobs.”

VIDEO TEXT: “How’s He Doing?”

VOICEOVER: “How’s he doing?”

VIDEO TEXT: “Solyndra”

VOICEOVER: You’ve heard of Solyndra.”

VIDEO TEXT: “535 Million”

VIDEO TEXT: “Taxpayer Loan Guarantees (Your Money)”

VIDEO TEXT: “Bankrupt”

VOICEOVER: “They took $535 million in taxpayer loan guarantees and went bankrupt.”

VOICEOVER: “But that’s not even half the story.”

VIDEO TEXT: “Obama’s Department Of Energy”

VIDEO TEXT: “Handed Out Billions”

VIDEO TEXT: “Loans And Grants”

VOICEOVER: “Obama’s Department of Energy has handed out billions of dollars in loans and grants.”

VIDEO TEXT: “First Solar”

VOICEOVER: “First Solar”

VIDEO TEXT: “3 Billion Taxpayer-Backed Loan Guarantees.”

VOICEOVER: “3 billion dollars in taxpayer-backed loan guarantees.”

VIDEO TEXT: “Cutting Jobs”

VIDEO TEXT: “All Time Low”

VOICEOVER: “Now they’re cutting jobs and their stock is near all-time lows.”

VIDEO TEXT: “ECOtality”

VOICEOVER: “ECOtality”

VIDEO TEXT: “$126 Million In Taxpayer Money”

VOICEOVER: “Received $126 million in taxpayer money.”

VIDEO TEXT: “Lost $45 Million”

VOICEOVER: “Lost $45 million and currently under investigation.”

VIDEO TEXT: “SunPower”

VOICEOVER: “SunPower”

VIDEO TEXT: “More Than A Billion Dollars In Loan Guarantees.”

VOICEOVER: “More than a billion dollars in loan guarantees.”

VIDEO TEXT: “Lost Half A Billion Last Year”

VIDEO TEXT: “Laying Off Workers”

VOICEOVER: “Lost half a billion last year. Laying off workers.”

VIDEO TEXT: “More Than $16 Billion”

VIDEO TEXT: “For Obama And Democrat Donors”

VOICEOVER: “More than 16 billion dollars have gone to companies like Solyndra that are linked to big Obama and Democrat donors.”

VIDEO TEXT: “Contracts Steered To ‘Friends & Family’”

VOICEOVER: “The Inspector General said contracts were steered to ‘friends and family’”

VIDEO TEXT: “Giving Taxpayer Money To Big Donors”

VOICEOVER: “Obama is giving taxpayer money to big donors.”

VIDEO TEXT: “Watching Them Lose It”

VOICEOVER: “And then watching them lose it.”

VIDEO TEXT: “Good For Them”

VIDEO TEXT: “Bad For Us”

VOICEOVER: “Good for them. Bad for us.”

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