The Obama campaign has launched a new negative ad against Mitt Romney, arguing that his a heartless, outsourcin,’ greedy “corporate raider:”

The Washington Post’s fact checker is decidedly unimpressed, awarding the spot “four Pinocchios,” its harshest review possible. Why?

The Obama campaign fails to make its case. On just about every level, this ad is misleading, unfair and untrue, from the use of “corporate raider” to its examples of alleged outsourcing. Simply repeating the same debunked claims won’t make them any more correct.

In other words, every single element of this ad is false. Though, in fairness, they did get Mitt Romney’s name right this time. A few more details on other misleading elements within the ad: