The GOP push to compare President Obama to former President Jimmy Carter moved into high gear Monday when a conservative group released a new online ad that shows Obama in his Democratic Convention speech using language greatly similar to Carter in his re-nomination address 32 years ago.

"In President Obama's campaign, we hear echoes of failure and futility," said the new ad from the group For America, headed by conservative media watchdog Brent Bozell. "Tell President Obama we don't need echoes of failure and futility from the past," concludes the ad.

Republicans have been trying to portray Obama's handling of foreign policy and the economy as Carteresque. Under Carter, the U.S. embassy in Iran was seized and the economy suffered high inflation and joblessness.

The Obama-Carter ad is part of a $1.4 million social media campaign fro the group that claims over 3 million social media supporters - over 2.7 million fans on Facebook and an organic email list of half a million.

Below is a transcript of the words spoken in the ad by Obama and Carter:

Obama: It will require common effort and shared responsibility and the kind of bold, persistent experimentation that Franklin Roosevelt pursued.

Carter: We have a memory of Franklin Roosevelt, 40 years ago, when he said that there are times in our history when concerns over our personal lives are overshadowed by our concern over "what will happen to the country we have known.

Obama: The choice you face won't just be between two candidates or two parties.

Carter: This election is a stark choice between two men, two parties, two sharply different pictures of what America is and what the world is, but it's more than that.

Obama: It will be a choice between two different paths For America, a choice between two fundamentally different visions for the future.

Carter: It's a choice between two futures.

Obama: I've shared the pain of families who lost their homes and the frustration of workers who've lost their jobs.

Carter: My own heart is burdened for the troubled Americans, the poor and the jobless and the afflicted.

Obama: While I'm very proud of what we've achieved together, I'm far more mindful of my own failings.