Wisconsin Rep. Paul Ryan formally accepted the Republican vice-presidential nomination Wednesday with a prime-time address at the Republican National Convention in Tampa. Ryan vowed a “turnaround” of the U.S. economy, should Mitt Romney defeat President Obama in November.

Paul Ryan: “His whole life — his whole life prepared him for this moment, to meet serious challenges in a serious way, without excuses and idle words. After four years of getting the runaround, America needs a turnaround, and the man for the job is Governor Mitt Romney. President Obama is the kind of politician who puts promises on the record and then calls that the record. But we are four years into this presidency. The issue is not the economy that Barack Obama inherited, not the economy that he envisions, but this economy that we are living.”