'This Week' Transcript: Mayor Rahm Emanuel and Sen. Marco Rubio

RUBIO: He talked about spending a lot of money. But how does -- and I get that. I understand that's what he's done the last four years. They're going to continue to spend money on roads and bridges. We already did that one time, it was called the stimulus. $800 billion. And it didn't grow the economy. What about the tax code? What about regulations? What are we going to do about the onerous impact that Obamacare is having on businesses all across the country and on individuals that are on the verge of losing their coverage that they like? And the small businesses that are moving people to part-time status to avoid the impact that the health care law is going to have on them?

It's just startling that the president, two weeks from election day, has completely given up on an outlining a plan for governing this country for the next four years.

STEPHANOPOULOS: But you know, Senator, as I was preparing for this show yesterday, and as I was preparing, I received this e-mail in my inbox. It was from your Republican governor, Rick Scott, down in Florida, and he says Florida continues to move in the right direction, he says jobs created, unemployment down 22 months in a row. Isn't your governor making President Obama's case in Florida?

RUBIO: No. Let me tell you, we have a state government here with a balanced budget, a low and stable tax code. A legislative branch that works with the governor's office and gets things done and vice versa. And so we do have progress in Florida, despite the dysfunction in Washington.

Imagine if Governor Scott here in Florida, imagine if governors across the country who were doing similar things had a partner in Washington, D.C. and a president that understood how the economy grows. And that's why it's so disheartening.

One of the things that's holding back our economy from growing and prospering is the lack of certainty about the future, and the president, for his unwillingness or inability to offer a governing plan for the next four years, is only making that worse.

STEPHANOPOULOS: But the economy is growing in Florida, isn't it, Senator?

RUBIO: It's growing in Florida because of these measures that have been taken in Tallahassee by our state government. Imagine if it had a willing partner, imagine if we had a tax code that was predictable, stable, and affordable? Imagine if the federal government said, we're going to bring these runaway regulations under control? Imagine if Obamacare was repealed? You would have real, you would have real dynamic growth on top of what's already happening in the state, not just in Florida but other states, because of what these governors and those legislators have put in place.

STEPHANOPOULOS: Since the second debate, President Obama is pushing hard on the issue of trust. He says that voters shouldn't believe Governor Romney because he's shifting positions, and he came up with a word for it -- Romnesia. Take a look.


OBAMA: If you say you're for equal pay for equal work but you keep refusing to say whether or not you'd sign a bill to protect equal pay for equal work, you might have Romnesia. If you say women should have access to contraceptive care but you support legislation that would let your employer deny you contraceptive care, you might have a case of Romnesia.


STEPHANOPOULOS: Your response?

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