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Marco Rubio: “The 2008 meltdown of our economy [was] because of the…”

Featuring: Marco Rubio, Republican | Secretary of State, United States | National

#380 Marco Rubio How the U.S. Can Recover from Decades of Decadence - The Realignment Podcast.

Published June 15, 2023 | Video Starts at 12:37

Most Republicans supported that. Certainly Afghanistan had a lot of support across the board. Iraq, a little bit more conflictive over time, but nonetheless, the war on Terror, The 2008 meltdown of our economy [was] because of the decisions made at the market with mortgages and derivatives. and the like. And, and then so, so, I mean, I'm a product, you know, it was, I don't mean to pick on one organization, but I was a product of. (12:37–12:47)

CLAIM

Asserts that the 2008 economic crisis was caused by market decisions related to mortgages and derivatives.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Marco Rubio

“We've made public policy in America, especially since the end of the Cold War, [based on theories unsupported by historical realities].”
#380 Marco Rubio How the U.S. Can Recover from Decades of Decadence - The Realignment Podcast. | Uploaded June 15, 2023 | 01:49-01:54
“We thought that nation state was over, that the idea that countries mattered would be replaced by our citizenship in this global economy.”
#380 Marco Rubio How the U.S. Can Recover from Decades of Decadence - The Realignment Podcast. | Uploaded June 15, 2023 | 01:53-02:02
“Other countries didn't buy into that. They continue to make public policy on reality.”
#380 Marco Rubio How the U.S. Can Recover from Decades of Decadence - The Realignment Podcast. | Uploaded June 15, 2023 | 02:22-02:27
“We are now reaping over 30 years, three decades of decadence in public policy and quite frankly, culturally and in our society, too.”
#380 Marco Rubio How the U.S. Can Recover from Decades of Decadence - The Realignment Podcast. | Uploaded June 15, 2023 | 02:34-02:44
“Congress passed a series of reforms in a divided Congress very quickly [during the early days of the pandemic].”
#380 Marco Rubio How the U.S. Can Recover from Decades of Decadence - The Realignment Podcast. | Uploaded June 15, 2023 | 04:40-04:48
“Even a pandemic became politicized.”
#380 Marco Rubio How the U.S. Can Recover from Decades of Decadence - The Realignment Podcast. | Uploaded June 15, 2023 | 05:00-05:03
“We have more knowledge than we've ever had. Every one of our smartphones has... almost all the information in the world.”
#380 Marco Rubio How the U.S. Can Recover from Decades of Decadence - The Realignment Podcast. | Uploaded June 15, 2023 | 06:03-06:15
“We have more knowledge than we've ever had, and I think we have less wisdom.”
#380 Marco Rubio How the U.S. Can Recover from Decades of Decadence - The Realignment Podcast. | Uploaded June 15, 2023 | 06:16-06:20
“You need 60 votes to pass things [in the Senate].”
#380 Marco Rubio How the U.S. Can Recover from Decades of Decadence - The Realignment Podcast. | Uploaded June 15, 2023 | 07:23-07:30
“Our political process produces what our culture wants, not the other way around.”
#380 Marco Rubio How the U.S. Can Recover from Decades of Decadence - The Realignment Podcast. | Uploaded June 15, 2023 | 10:26-10:32
“Our competition is not Mississippi or Alabama. Our competition is India and China.”
#380 Marco Rubio How the U.S. Can Recover from Decades of Decadence - The Realignment Podcast. | Uploaded June 15, 2023 | 11:53-11:58
“I wrote a book about [accreditation reform] in 2014.”
#380 Marco Rubio How the U.S. Can Recover from Decades of Decadence - The Realignment Podcast. | Uploaded June 15, 2023 | 13:24-13:27
“To me, [TikTok] poses an extraordinary national security risk for the country now and in the future.”
#380 Marco Rubio How the U.S. Can Recover from Decades of Decadence - The Realignment Podcast. | Uploaded June 15, 2023 | 15:05-29:19
“Florida has a very large, substantial agriculture industry, which is under tremendous duress.”
#380 Marco Rubio How the U.S. Can Recover from Decades of Decadence - The Realignment Podcast. | Uploaded June 15, 2023 | 16:27-16:33
“There's no way that a bartender and a maid or a bartender and a stock clerk at Kmart today could afford to buy a home in Miami.”
#380 Marco Rubio How the U.S. Can Recover from Decades of Decadence - The Realignment Podcast. | Uploaded June 15, 2023 | 17:20-17:30
“We have an insurance crisis in Florida. It's crazy. I mean, it doubled, almost doubled my home insurance last year.”
#380 Marco Rubio How the U.S. Can Recover from Decades of Decadence - The Realignment Podcast. | Uploaded June 15, 2023 | 20:17-20:24
“Auto insurance rates are high in some of our markets.”
#380 Marco Rubio How the U.S. Can Recover from Decades of Decadence - The Realignment Podcast. | Uploaded June 15, 2023 | 20:26-20:29
“Our fundamental challenge is our economy is incredibly vulnerable.”
#380 Marco Rubio How the U.S. Can Recover from Decades of Decadence - The Realignment Podcast. | Uploaded June 15, 2023 | 24:56-25:00
“We have an economy that's built on finance and services. China has an economy that's built on manufacturing.”
#380 Marco Rubio How the U.S. Can Recover from Decades of Decadence - The Realignment Podcast. | Uploaded June 15, 2023 | 25:01-25:07
“Russia has an economy that's built on raw material.”
#380 Marco Rubio How the U.S. Can Recover from Decades of Decadence - The Realignment Podcast. | Uploaded June 15, 2023 | 25:06-25:10
“Our economy cannot solely be judged by GDP.”
#380 Marco Rubio How the U.S. Can Recover from Decades of Decadence - The Realignment Podcast. | Uploaded June 15, 2023 | 25:25-25:28
“The number one objective of American public policy needs to be the best interest of America before everything else.”
#380 Marco Rubio How the U.S. Can Recover from Decades of Decadence - The Realignment Podcast. | Uploaded June 15, 2023 | 25:49-25:55
“It's more efficient to make all these medicines in China, but it's not good for America to depend on China for all our medicine.”
#380 Marco Rubio How the U.S. Can Recover from Decades of Decadence - The Realignment Podcast. | Uploaded June 15, 2023 | 26:20-26:27
“Our security depends on much more than simply how many planes and tanks and ships we can build.”
#380 Marco Rubio How the U.S. Can Recover from Decades of Decadence - The Realignment Podcast. | Uploaded June 15, 2023 | 26:36-26:41
“Can you be a great power and not be an industrial power?”
#380 Marco Rubio How the U.S. Can Recover from Decades of Decadence - The Realignment Podcast. | Uploaded June 15, 2023 | 26:43-26:47
“We also have to have an economy that has an obligation to produce that work.”
#380 Marco Rubio How the U.S. Can Recover from Decades of Decadence - The Realignment Podcast. | Uploaded June 15, 2023 | 26:56-27:00
“The 21st century will be defined by the decisions we're going to make over the next five to 10 years.”
#380 Marco Rubio How the U.S. Can Recover from Decades of Decadence - The Realignment Podcast. | Uploaded June 15, 2023 | 27:20-27:26
“TikTok is the algorithm, the recommender engine, and that's owned by ByteDance.”
#380 Marco Rubio How the U.S. Can Recover from Decades of Decadence - The Realignment Podcast. | Uploaded June 15, 2023 | 28:49-28:55
“Under Chinese law, [TikTok's algorithm] can never be sold, that can never be exported.”
#380 Marco Rubio How the U.S. Can Recover from Decades of Decadence - The Realignment Podcast. | Uploaded June 15, 2023 | 28:54-28:58
“If you're sharing [data] with ByteDance, you're sharing it with engineers that are sitting in China that have to do whatever the Chinese…”
#380 Marco Rubio How the U.S. Can Recover from Decades of Decadence - The Realignment Podcast. | Uploaded June 15, 2023 | 29:08-29:15