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Thursday, June 14, 2012

Marco Rubio Wants to Be Vice President - Better Heal Thyself First


For a candidate promising to put America's fiscal house in order, Marco Rubio has a tough time keeping his own house tidy, plagued by questionable spending and sloppy accounting.
On the campaign trail, Rubio likes to say "politicians don't create jobs." But politics, directly and indirectly, has generated Rubio's sizeable income, even as he has accumulated substantial debt and saw one of his homes nearly go into foreclosure.
Florida's likely next U.S. senator has cut a complicated financial profile since he burst on the political scene more than a decade ago, fresh from law school.
"Now more than ever people are sympathetic to the financial troubles other people have," said Republican consultant Chris Ingram of Tampa. "But with Marco, it's greater than that. There seems to be a pattern of behavior in which he's not good at controlling his own money or the money of others."
Rubio, 39 and married with four children, dismisses as a distraction talk about his use of a Republican Party of Florida credit card for personal items as well as questions about his employment and mountain of personal debt, largely due to mortgages and student loans.
"Now these are important issues, and we should discuss them, but they can't be the only issues in this campaign," he said in a debate Tuesday, accusing his opponents, Democrat Kendrick Meek and independent Charlie Crist, of lacking concrete ideas on an array of issues.
But even as he pulls away in the race, buoyed by early support from tea party activists fed up with government spending, Rubio's financial dealings continue to draw attention for the contradictions they raise with his message.
Climb to top fueled by political funds
When Rubio joined the Florida House of Representatives in 2000, he did not own a home, had few possessions and made $72,000 as a lawyer.
But he had $30,000 in "assorted credit and retail debt" (as described on his financial disclosure form) and in 2001 listed $165,000 in loans from the University of Florida and University of Miami Law School.
As Rubio climbed the ranks, he began to use little-noticed political committees to fund his travel and other expenses and later had a Republican Party of Florida credit card.
What emerged, records show, is a pattern of blending personal and political spending. Over and over again Rubio proved sloppy, at best, in complying with disclosure requirements.
Virtually broke, the 31-year-old lawmaker began campaigning to be House speaker in 2003 and created a political committee — Floridians for Conservative Leadership — to help elect other Republican candidates and curry their support.
With his wife serving as treasurer, Rubio did not wait for the state to authorize the committee before accepting campaign donations.
The committee listed its address as Rubio's home, a modest place he and his wife bought in West Miami in 2002, but reported spending nearly $85,000 in office and operating costs and $65,000 for administrative costs.
Over 18 months, nearly $90,000 went for political consultants, $51,000 went for credit card payments and $4,000 went to other candidates. That's less than the $5,700 that went to his wife, Jeanette, much of it for "gas and meals.'' (Mrs. Rubio does not work and the couple file joint tax returns.)
Rubio reported raising more than $228,000 for that committee over 18 months, but he failed to disclose $34,000 in expenses as required by state law.
In four elections between 2000 and 2006, Rubio faced only token opposition. Yet he still spent nearly $670,000 in campaign funds for political consulting, television advertising and other expenses, including meals, travel and, in one case, $1,485 to the company leasing him a Jeep Cherokee. Rubio's campaign said it was justified because he drove it all over his district.
A second political committee created by Rubio in late 2003, Floridians for Conservative Leadership in Government, was to "educate the public about conservative leadership in government.'' The committee raised more than $386,000, much of it going to Rubio's political strategists and consultants.
Other expenses included $14,000 incorrectly listed as "courier services" that were in fact payments to Rubio's relatives who he said were helping with the committee's political activities.
In 2005, Rubio had access to a new source of campaign money: state GOP credit cards. He charged more than $100,000 from November 2006 to November 2008, much of it for travel expenses and meals.
Rubio has insisted that the vast majority of those charges were for GOP business, and he directly paid off any personal expenses, though after a St. Petersburg Times/Miami Herald report, Rubio agreed to pay the party $2,400 for plane tickets he said he mistakenly double-billed.

From Newsmax
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