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The Democrat's team seizes on a TIME report that longtime lobbyist William Timmons has been recruited for a possible McCain transition.

Campaign launches a new TV ad, holds afternoon conference call and circulates memo blasting McCain's ties to lobbyists. Read the memo here.

Rep. Wasserman Schultz on media call: "We have a campaign here that is of, by and for the lobbyists... that is the last thing that we need in this country."

TV ad: "His campaign is run by lobbyists. Now we find out McCain's White House will be lobbyist-run too... Does that sound like change to you?

Click above to watch, and read script here.

Size, location of ad buy unknown.

RNC responds: Obama's attacks "a transparent attempt to cover-up for his campaign's lack of transparency and abundance of special-interest connections.” Read full response.

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