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“Let me say a word about the man Mitt Romney will replace. No one disputes President Obama inherited a difficult situation. And, in his first 2 years, with his party in complete control of Washington, he passed nearly every item on his agenda. But that didn’t make things better.

“In fact, we find ourselves in a nation facing debt, doubt and despair.

“This is the worst economic recovery in 70 years. Unemployment has been above 8 percent for more than three years, the longest run since the Great Depression. Families are hurting.

“We have the largest deficits and the biggest federal government since WWII.

“Nearly 1 out of 6 Americans are in poverty—the worst rate in a generation. Moms and dads are struggling to make ends meet.

“Household incomes have dropped by more than $4,000 over the past four years.

“Whatever the explanations, whatever the excuses, this is a record of failure.

“President Obama, and too many like him in Washington, have refused to make difficult decisions because they are more worried about their next election than they are about the next generation. We might have been able to get away with that before, but not now. We’re in a different, and dangerous, moment. We’re running out of time — and we can’t afford 4 more years of this.

“Politicians from both parties have made empty promises which will soon become broken promises—with painful consequences — if we fail to act now.

“I represent a part of America that includes inner cities, rural areas, suburbs and factory towns. Over the years I have seen and heard from a lot from families, from those running small businesses, and from people who are in need. But what I have heard lately troubles me the most. There is something different in their voice and in their words. What I hear from them are diminished dreams, lowered expectations, uncertain futures.

“I hear some people say that this is just “the new normal.” High unemployment, declining incomes and crushing debt is not a new normal. It’s the result of misguided policies. And next January, our economy will begin a comeback with the Romney Plan for a Stronger Middle Class that will lead to more jobs and more take home pay for working Americans.

“America is on the wrong track; but Mitt Romney and I will take the right steps, in the right time, to get us back on the right track!

“I believe my record of getting things done in Congress will be a very helpful complement to Governor Romney’s executive and private sector success outside Washington. I have worked closely with Republicans as well as Democrats to advance an agenda of economic growth, fiscal discipline, and job creation.

“I’m proud to stand with a man who understands what it takes to foster job creation in our economy, someone who knows from experience, that if you have a small business — you did build that.

“At Bain Capital, he launched new businesses and he turned around failing ones – companies like Staples, Bright Horizons and Sports Authority, just to name a few. Mitt Romney created jobs and showed he knows how a free economy works.

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