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Rubio addresses government's role in economy

Posted August 29, 2012

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— The Republican Party is using its national convention this week to drive home key ideological differences between President Barack Obama and their candidate, former Massachusetts Gov. Mitt Romney.

Romney understands and applauds success, while Obama demonizes it, U.S. Sen. Marco Rubio told the North Carolina delegation Wednesday morning.

Rubio, Florida's rising young star, was picked to introduce Romney for his nomination acceptance speech Thursday night. During that speech, he said, he wants to celebrate Romney's successes – as a father, husband, governor and 2002 Winter Olympics chief executive.

"I think it's important for people to know what a special and successful person (Romney) is," Rubio said. "He has a record and history of turning things around."

U.S. Sen. Marco Rubio of Florida Rubio plans to celebrate Romney's successes in nomination speech

He talked about what the Republican Party believes should be the role of government in the nation's economy.

"We understand that prosperity is created, not when the government spends money, but when people take the money they have access to and use it to start a new business," he said. Those businesses create jobs, which allows their employees to spend money, which he said is the key to economic growth.

"This is the cycle of prosperity. It's not a theory. It's the story of our nation," he said.

Rubio contrasted Romney's economic platforms with policies endorsed by the current administration. He said the president can't win re-election based on his record in the Oval Office, so he instead has to attack and discredit his opponent.

"He tries to convince Americans that the reason they're worse off is because other people are too well off," he said. "He tries to convince people that the way people in this country become rich is by making other people poor."

North Carolina delegate Dianna Bingle, of Concord, said she thought Rubio's speech was right on message.

"The American people have seen this administration as a total failure," Bingle said. "We have millions of people out of work. We have children that are hungry. We have people that are homeless. We need to take care of the U.S.A., and we need to get back on track."

3 Comments

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  • ronnyg0447 Aug 30, 2:51 p.m.

    Keep in mind that Mr. Romney donated his inheritence to charity. All of it. The money he has he's earned. As for dumping companies that can't be saved, that happens all the time and there's nothing wrong with that. Romney is a very good, wise and smart business man. Just what this country needs. At least the companies the sold were just that, sold. The man who would be king (Obama) is giving our country away and mortgaging our future in the process. I won't be around to see it but my children and grand children will be. ROMNEY/RYAN for president/vp

  • mep Aug 29, 7:45 p.m.

    MAKO... points 2, 3 and 4 appear to be more of a corporate act rather than a personal one such as inheriting money. Regardless, it would be wrong to pin it all on Romney.

    Obama has done far worse. Nearly a trillion dollars wasted on the so-called stimulus... to invest in green companies that ended up either going bankrupt, or sending the jobs and the money overseas. Yet enriching MANY Obama supporters, and leaving middle class folks unemployed. Not to mention all the other jobs created that were only temporary in nature. Clearly many of the same folks that received the stimulus were greedy too.... and ruined people.

    The govt needs to get OUT of picking and choosing which businesses win, and which ones lose... less actual work that goes through the legitimate bidding process.

    You can not legislate greed.

  • MakoII Aug 29, 6:51 p.m.

    There's a difference between success and greed. Between "making it" and "ruining people".

    Romney didn't make money through some amazing consumer product like Steve Jobs.

    Romney made money through four ways:

    1) Inherited it (nothing wrong there)

    2) Taking under-performing companies, making them profitable, selling them for a profit (superb)

    3) Taking under-performing companies, lying about how profitable they could be, and sticking that albatross onto some unsuspecting other company for a profit (caveat emptor blah blah, still a dishonest way to make money)

    4) Taking an under-performing company, taking loans out to pay himself, then letting that company go bankrupts, causing loss of jobs. (this is EVIL any way you look at it)

    Jobs went to China. Jobs got cut in a scheme to enrich himself.

    Romney might be "successful" but he's GREEDY and RUINED people in the process. Very Dishonest. Blood money if you ask me.