Texas Congressman Ron Paul’s latest television advertisement lumps his Republicans rivals together with Democrats and claims he is the only GOP presidential candidate that can defeat President Barack Obama in 2012.

The 1-minuted ad, called “The One,” will air in Iowa and New Hampshire. A campaign spokesman said the ad cost at least six figures.

“It’s the story of a lost city, lost opportunity, lost hope. A story of failed policies, failed leadership. A story of smooth talking politicians, games of ‘he said, she said,’ rhetoric and division,” the ad says, while transposing images of Rick Perry, Mitt Romney and Michele Bachmann with Congressional Democrats and Obama.