The ad campaign would be timed to coincide with the Democratic National Convention and would do "exactly what John McCain would not let us do," said The Times.
The proposal says, "The world is about to see Jeremiah Wright and understand his influence on Barack Obama for the first time in a big, attention-arresting way," according to The Times. The $10 million plan is titled: “The Defeat of Barack Hussein Obama: The Ricketts Plan to End His Spending for Good.”
Wright's racially incendiary comments became a problem for Obama during the 2008 campaign, when he distanced himself from the church.
According to The Hill, Ricketts, the founder of Ameritrade and owner of the Chicago Cubs, has already spent $200,000 in Nebraska's Senate race. Deb Fischer, the underdog in that race, won over two more well-known Republican candidates. Ricketts also spent $600,000 in 2010 in an effort to defeat Sen. Harry Reid.
Republican rival Mitt Romney's campaign distanced itself from the super PAC's plan, with campaign manager Matt Rhoades saying, "Unlike the Obama campaign, Gov. Romney is running a campaign based on jobs and the economy, and we encourage everyone else to do the same," according to The Washington Post.
Rhoades continued, "It’s clear President Obama’s team is running a campaign of character assassination. We repudiate any efforts on our side to do so," reported The Post.