An ad by the Republican Party of Florida and Republican gubernatorial candidate Rick Scott blaming potential losses to state investments on Democratic governor candidate Alex Sink is causing a media scramble.

Attorney General Bill McCollum, who lost to Scott in this year’s Republican primary, rebuts Scott’s claim, telling The News Service of Florida that the fund is secure and making money, and there are no losses because no investments have been sold. A St. Petersburg Times editorial calls the ad a “cynical smear.” Earlier, PolitiFact pointed out that the fund is merely fluctuating in a volatile market and noted that McCollum and Gov. Charlie Crist make up the board that oversees the fund along with Sink, rating the ad as “barely true.”

Scott spokesman Brian Burgess tells the Tampa Tribune they stand by the ad because Sink, as a self-proclaimed fiscal watchdog, failed that duty.

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