ARLINGTON, Va. - Today, McCain-Palin 2008 released its latest web ad, entitled "Lipstick." The ad highlights Barack Obama's "lipstick" comments yesterday in Virginia. While he may not be ready to lead, Barack Obama is ready to smear.

VIEW THE AD HERE: http://www.youtube.com/watch?v=yZd_Y_D-RaA

Script For "Lipstick" (WEB :35)

CHYRON: Sarah Palin On: Sarah Palin

GOVERNOR PALIN: Do you know, they say the difference between a hockey mom and a pit bull: lipstick.

CHYRON: Barack Obama On: Sarah Palin

BARACK OBAMA: Well, you know, you can, you know you can...put...uh...lipstick on a pig...it's still a pig.

CHYRON: Katie Couric On: The Election

CBS' KATIE COURIC: One of the great lessons of that campaign is the continued and accepted role of sexism in American life.

CHYRON: Ready To Lead? No

Ready To Smear? Yes

AD FACTS: Script For "Lipstick" (WEB :35)

CHYRON: Sarah Palin On: Sarah Palin GOVERNOR PALIN: Do you know, they say the difference between a hockey mom and a pit bull: lipstick.

· Governor Palin: "Do you know, they say the difference between a hockey mom and a pit bull: lipstick." (Governor Sarah Palin, Remarks, St. Paul, Minnesota, 9/3/08)