Republican presidential candidate Mitt Romney turned a few heads on Thursday when he told an audience at the Iowa State Fair that “corporations are people.”

Responding to a protestor who suggested that Romney be open to raising taxes on corporations, Romney said, “Corporations are people, my friend. Of course they are. Everything corporations earn ultimately goes to people. Where do you think it goes?”

While Romney might feel a personal connection to the corporations that are spending millions of dollars to support his campaign, the fact remains that corporations are legal entities and not human beings. And while it’s true that corporate profits are indeed at the disposal of certain people, those people are hardly the ones hurting most in the recession. In fact, the salaries of CEOs skyrocketed in 2010, even as unemployment rates remained high.

Over the weekend, we made an ad responding to Romney’s statement, which we’re airing in New Hampshire:

Watch the original video from the Iowa State Fair:

You can also sign our petition urging Romney to retract his new definition of personhood here.