Ryan formally accepted his nomination at the 2012 Republican National Convention on August 29, 2012. In his acceptance speech, he promoted Mitt Romney as the presidential candidate, supported repeal of the Patient Protection and Affordable Care Act (PPACA), said that he and Romney had a plan to generate 12 million new jobs over the ensuing four years, and promoted founding principles as a solution: "We will not duck the tough issues—we will lead. We will not spend four years blaming others—we will take responsibility. We will not try to replace our founding principles, we will reapply our founding principles."