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Struggles With Finances Track Marco Rubio’s Career

sangha said:
Care to address anything I actually said?
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Already did... nothing unethical nor illegal. Care to use your keen acumen to point out Hillary's financial issues or will you be side stepping that one again?
 
Rubio is a hack who has used his position to enrich himself like all hacks do. This is nothing new...

As he accumulated power, Rubio's income also grew. The $72,000 he made as a lawyer in 2000 climbed to $92,000 in 2003 then rose dramatically to $270,000 a year later, when he locked down the race to become House speaker. During the time, he was employed by three separate law firms.

In 2005, Rubio got a $300,000 job with Broad and Cassel, a large Miami firm that had done millions of dollars of legal work for the Florida House.
By 2005, Rubio owned two homes in Miami and one in Tallahassee. The mortgages totaled over $794,000, records show.

In 2008, he abruptly amended his financial disclosure forms after reporters asked why he had not listed a $135,000 home-equity loan he secured on his current home, purchased in December 2005 for $550,000.

The loan came after a Miami bank, controlled by some of Rubio's political supporters, reappraised the home at $735,000 — only 37 days after it was purchased. Rubio denied favoritism and called the failure to disclose the loan an "oversight."

More housing trouble surfaced this year. The Tallahassee home, which he bought with fellow legislator David Rivera, nearly went into foreclosure before Rivera came up with $9,525 for missed payments and fees. Rubio said the delay was over a dispute with the mortgage company.

By the time he left office in 2008, Rubio had $903,000 in home, car and student loans. His net worth was a mere $8,332.
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Marco Rubio's personal finances clash with call for fiscal discipline | Tampa Bay Times
 
Ockham said:
You know what kind of " luxury speedboat" you get for 80 grand? A really ****ty luxury speedboat. He bought a EdgeWater 245CC Deep-V Center Console, which is a fishing boat. Here's the pic of the boat..
So the NYT lied or at best, out of ignorance characterized the fishing boat as a "speed boat", or at worst mis-characterized it
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because Rubio's a Republican for purely political reasons.

Shoot the guy for spending a few bucks on a fishing boat for writing a book..... laughable.
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Maybe the Times just needs someone to do some research on the oppo research guys who gave them the oppo research before printing it ... or at least scan it first for it's level of silliness.
 
bubbabgone said:
Maybe the Times just needs someone to do some research on the oppo research guys who gave them the oppo research before printing it ... or at least scan it first for it's level of silliness.
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Hotair's headline was, "The Times spends lots of energy making Rubio look like an ordinary guy." Perhaps he is doing extraordinary things.
 
sangha said:
Funny how the OP and others are focusing on the boat while the story contained these gems (and more)
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Haha:

"inattentive accounting that led to years of unpaid local government fees"

Now that's a delicate way to say he skipped-out on paying ...
 
humbolt said:
I wasn't aware that Obama was a GOPer. He's run up more debt than all other presidents, combined. Quite a feat. If I remember correctly, the fellow that arranged the purchase of the Obama house in Chicago so that they could afford it is now in a penitentiary for 10 years. Now, this could be characterized as deflection, but if we're going to set the bar by measures that go largely dismissed for others in the political arena, the same should apply to Rubio. That would seem to make the allusions in the NYT absurd, to say the least.
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If I recall the right was all up in arms over the Obama house and yet they are not when it comes to one of its own?

Regardless it seems to be clear, that Rubio cant manage his own money very well.
 
PeteEU said:
Did you even read the article? It clearly states he got the loan..



and names that bank as US Century.
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Yes I read the article. Yes he got the loan. So again I'll ask you, who was bribed?

And it's a matter of public record that he got a HELOC from US Century Bank. That isn't what I asked you. What makes them a "GOP-linked bank"? Please give specifics.
 
They were talking about this on Morning Joe. After laughing at how stupid the Times looks calling it a luxury speedboat, Joe said he thinks it was actually Jeb's campaign that leaked this nonsense. Now that I think about it, it makes perfect sense to me.
 
PeteEU said:
If I recall the right was all up in arms over the Obama house and yet they are not when it comes to one of its own?

Regardless it seems to be clear, that Rubio cant manage his own money very well.
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He can't? Maybe Hillary Clinton, who was "flat broke" after leaving the most powerful house in the world and commanding million dollar speaking engagements with her husband, could give him some tips.
 
PeteEU said:
If I recall the right was all up in arms over the Obama house and yet they are not when it comes to one of its own?

Regardless it seems to be clear, that Rubio cant manage his own money very well.
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Nope - not up in arms. I don't know how Rubio purchased his house, but I do know how Obama purchased his. If Rubio has done something wrong, I'm sure we'll hear about it eventually. It does appear that Rubio has had some problems with his finances. It's not relevant, and even if you believe it is, it's next to nothing compared to the problems the Clintons have with theirs. This is like picking the flea off your left leg while ignoring that your right leg has been chewed off.
 
tres borrachos said:
Yes I read the article. Yes he got the loan. So again I'll ask you, who was bribed?

And it's a matter of public record that he got a HELOC from US Century Bank. That isn't what I asked you. What makes them a "GOP-linked bank"? Please give specifics.
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It is in the freaking article. Go read it, I have quoted it once already.
 
humbolt said:
Nope - not up in arms. I don't know how Rubio purchased his house, but I do know how Obama purchased his. If Rubio has done something wrong, I'm sure we'll hear about it eventually. It does appear that Rubio has had some problems with his finances. It's not relevant, and even if you believe it is, it's next to nothing compared to the problems the Clintons have with theirs. This is like picking the flea off your left leg while ignoring that your right leg has been chewed off.
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LOL seriously. GOPers are suppose to be the fiscal conservatives that understand money. That is your bread and butter, so this should matter BIG time... it comes down to credibility of not only Rubio but certainly the whole GOP brand. Instead you try to deflect by going after the Clintons?
 
tres borrachos said:
He can't? Maybe Hillary Clinton, who was "flat broke" after leaving the most powerful house in the world and commanding million dollar speaking engagements with her husband, could give him some tips.
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So it is now deflecting time instead of dealing with the issue... and of course you go for the tired old tactic of going after the Clintons.
 
PeteEU said:
LOL seriously. GOPers are suppose to be the fiscal conservatives that understand money. That is your bread and butter, so this should matter BIG time... it comes down to credibility of not only Rubio but certainly the whole GOP brand. Instead you try to deflect by going after the Clintons?
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Well, that's the meme. I'd say instead that conservatives understand debt and it's implications. If you want to understand who plays with money look at Wall Street and who runs that, which is entirely different animal and distinctly separate from fiscal policy. I'd characterize this non-story as a deflection from the very serious implications already revealed about the Clintons and their money - that's the deflection. Rubio's personal financial situation is miniscule in comparison. The don't, for example, give rise to concerns about possible compromise of national interest as the the Clinton machinations do.
 
PeteEU said:
LOL seriously. GOPers are suppose to be the fiscal conservatives that understand money. That is your bread and butter, so this should matter BIG time... it comes down to credibility of not only Rubio but certainly the whole GOP brand. Instead you try to deflect by going after the Clintons?
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Federal spending and budgeting isn't the same as your own personal budget, at least that's what I've heard.
 
Crazy...the article included stuff like this

Mr. Rubio has acknowledged missteps: using personal credit cards to pay for his campaigns (a bad idea, he said); appointing his wife, Jeanette, as a treasurer of a political action committee (ill advised, he said); and using the party money for the reunion trip (an accident, he said). Mr. Rubio, in his 2012 memoir, “An American Son,” confessed a “lack of bookkeeping skills” and an “imperfect accounting system.”
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But as Mr. Rubio, 44, seeks to counter questions about his stature and readiness for the presidency, his financial history creates particular complications. It has made him unusually reliant on a campaign donor, Norman Braman, a billionaire who subsidized Mr. Rubio’s job as a college instructor, hired him as a lawyer and continues to employ his wife.
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I don't care about him trying to keep up with the Joneses as much as where that money is coming from to pay for that lifestyle.
 
iliveonramen said:
Crazy...the article included stuff like this

I don't care about him trying to keep up with the Joneses as much as where that money is coming from to pay for that lifestyle.
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Speaking of which, didn't Hilary say she was broke when Bill left office?
 
PeteEU said:
Who said he bribed?



Listen, it smells big time that he buys a house and then a GOP linked bank suddenly loans him money because the value of the house suddenly shot up in a matter of weeks. This smells big time, but it is not the first time I have heard about such bs in American politics. Whats his name on the democratic side in the senate.. the guy from Nevada has been involved in similar shady cases.
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Real Estate prices in Miami in the mid 2000s were outrageous. People bought homes at outrageous prices knowing they would sell them at a profit within a year, and they did until it all came tumbling down in 2008-2009. I lived in the southwest section of Miami and the house next to me probably sold four times within a five year period for what I considered outrageous amounts of $. It was about 1500 square feet and the last time it sold before the bust was for $350,000. My house on the contrary, which was right at 1300 square feet, sold for $230,000 in 2008 after prices began the down turn. Mind you, these houses had 0-lot lines and tiny yards.
 
PeteEU said:
I read this article and well he seems almost human...however this caught my eye.



This stinks of a bribe. In now way can a house increase in value by almost 50% in a few weeks. Sure it was the bubble and all that, but come on.
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in florida yes it did. I was here in 2005 and I saw the bubble. when I got here you could buy a standard 3bed 2 bath home for about 100k. lower if it was used.
that was about 2005-2006. by 2008 the height of that bubble the same house was selling for 200-250k.

so it very much is possible for his home to go from 550k-750k during the bubble more so in Miami.

so no it wasn't a bride.
 
jmotivator said:
Speaking of which, didn't Hilary say she was broke when Bill left office?
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I like the fact that the Clintons charity only gives 10% of what it takes to it's actual causes and people that have been fired from there
say it is nothing more than a slush fund for the Clintons. yet I don't see any more investigation on this.

they have a pick on a guy that is legit and make up crap because he is one of the few people that can take Hillary down.
the media continues to show how left they really are.
 
ludin said:
I like the fact that the Clintons charity only gives 10% of what it takes to it's actual causes and people that have been fired from there
say it is nothing more than a slush fund for the Clintons. yet I don't see any more investigation on this.

they have a pick on a guy that is legit and make up crap because he is one of the few people that can take Hillary down.
the media continues to show how left they really are.
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Being a 1 percenter is OK I guess if your on the left side of the isle.
 
ludin said:
in florida yes it did. I was here in 2005 and I saw the bubble. when I got here you could buy a standard 3bed 2 bath home for about 100k. lower if it was used.
that was about 2005-2006. by 2008 the height of that bubble the same house was selling for 200-250k.

so it very much is possible for his home to go from 550k-750k during the bubble more so in Miami.

so no it wasn't a bride.
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I bought my house in Miami in 1995 for $100,000 and had to finance some of the closing costs because I didn't have enough cash for a down payment. I paid PMI until I got the loan down to where I owed less than 80 percent on the mortgage. I guess the NY Times would have considered me as financially unstable as well. And to some degree they would have been right.
 
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