RNC 2012: Paul Ryan Republican convention speech (full text)

Video: Vice presidential hopeful Paul Ryan shares about his mom’s small business story and his grandmother’s experience with Medicare. He also addresses millenials who have bleak prospects coupled with large student debt loads, what he sees as the failures of the Obama administration, and what he and Mitt Romney plan to do.

Well, as it turned out, that plant didn’t last another year.  It is locked up and empty to this day.  And that’s how it is in so many towns today, where the recovery that was promised is nowhere in sight.  

Right now, 23 million men and women are struggling to find work.  Twenty-three million people, unemployed or underemployed.  Nearly one in six Americans is living in poverty.  Millions of young Americans have graduated from college during the Obama presidency, ready to use their gifts and get moving in life.  Half of them can’t find the work they studied for, or any work at all.  

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So here’s the question: Without a change in leadership, why would the next four years be any different from the last four years? 

The first troubling sign came with the stimulus.  It was President Obama’s first and best shot at fixing the economy, at a time when he got everything he wanted under one-party rule.  It cost $831 billion – the largest one-time expenditure ever by our federal government. 

It went to companies like Solyndra, with their gold-plated connections, subsidized jobs, and make-believe markets. The stimulus was a case of political patronage, corporate welfare, and cronyism at their worst. You, the working men and women of this country, were cut out of the deal.  

 What did the taxpayers get out of the Obama stimulus?  More debt.  That money wasn’t just spent and wasted – it was borrowed, spent, and wasted.     

Maybe the greatest waste of all was time. Here we were, faced with a massive job crisis – so deep that if everyone out of work stood in single file, that unemployment line would stretch the length of the entire American continent.  You would think that any president, whatever his party, would make job creation, and nothing else, his first order of economic business.   

But this president didn’t do that.  Instead, we got a long, divisive, all-or-nothing attempt to put the federal government in charge of health care.  

Obamacare comes to more than two thousand pages of rules, mandates, taxes, fees, and fines that have no place in a free country.                                        

The president has declared that the debate over government-controlled health care is over.  That will come as news to the millions of Americans who will elect Mitt Romney so we can repeal Obamacare. 

And the biggest, coldest power play of all in Obamacare came at the expense of the elderly.  

You see, even with all the hidden taxes to pay for the health care takeover, even with new taxes on nearly a million small businesses, the planners in Washington still didn’t have enough money.  They needed more.  They needed hundreds of billions more.  So, they just took it all away from Medicare.  Seven hundred and sixteen billion dollars, funneled out of Medicare by President Obama.  An obligation we have to our parents and grandparents is being sacrificed, all to pay for a new entitlement we didn’t even ask for.  The greatest threat to Medicare is Obamacare, and we’re going to stop it.  

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