Romney names Paul Ryan as running mate

#1
This is a very interesting choice, Paul Ryan is young, capable, charismatic and most famous for the a very right wing budget plan that went dow a storm with the Congress GOP and was popular with the Tea Party tendency.

This is also "a courageous decision" as Sir Humphrey used to say. I'm sure his campaign has studied the numbers before nailing these colors to the mast but Mitt may have lost the election right here. And just as the old etcher-sketcher was starting to pivot on healthcare as he was bombing on that with women.

The problem for the GOP is that plan is very easy to spin as an attack on key entitlements of the not so well off elderly, Medicare (senior's socialized cherished medicine) and social security (state pensions). Newt Gingrich described it as "social engineering" and thought it no better for being "from the right". Expect the plutocrat pampering, granny starving, Romney Hood not Robin Hood meme to get wheeled out by team Barry.

In The Miami Herald Why Paul Ryan could be a drag in Florida (which Marco Rubio helps Romney win)
...
And his plan probably isn’t popular in Florida, the nation’s biggest swing state with the biggest population of retirees and seniors. About 17 percent of the state’s population is older than 65; and seniors make up a disproportionately larger segment of the electorate.


Cutting Medicare isn’t popular. Just ask nearly every Republican who bashed President Obama’s healthcare plan for cutting $500 billion from Medicare over a decade.


Now Democrats are ready to repay the favor. They point out that independent analysts have concluded that future beneficiaries would end up paying more under Ryan’s plan than under the program as currently structured. A U.S. Senate study overseen by Democrats reported last year that out-of-pocket expenses would more than double in all states in 2022 under a Ryan-like proposal. But Florida's increase would be the highest, $7,383.


While no Florida-specific polls on the Ryan plan are available, a poll last summer by CNN/Opinion Research Corp. poll said that more than 50 percent of voters opposed Ryan’s proposal. Opposition was highest among senior citizens, even though the plan would affect only those 55 and younger.


A recent poll conducted for AARP of 500 Florida retirees and Baby Boomers showed that Romney and President Obama were virtually tied. Romney had the biggest edge with retirees – who wouldn’t be affected as much by the Ryan plan. But Baby Boomers were essentially deadlocked 45-46 percent over Romney and Obama.


And Baby Boomers were far more likely than retirees to worry about their retirement and healthcare. Most believed they would rely more on Social Security and Medicare than they previously thought.


Most Republicans get queasy talking about Medicare changes in a general election.


Before dropping out as a U.S. Senate candidate last year, Florida Senate President Mike Haridopolos balked when asked about the Ryan plan. His campaign pointed out that 55 percent of Florida GOP primary voters were older than 60. And the plan wasn’t popular with them.


The likely Republican Senate nominee, Connie Mack, had called the Ryan plan “a joke,” but his campaign later said he was referring to the process of votes in Washington.


Mack, like Romney, will have a lot more talking and explaining to do in the coming months.
 
#3
On the other hand, on TAC Romney Does Something Smart. And Then Another Smart Thing! By SCOTT MCCONNELL
So. Paul Ryan. For people who can’t bear the Romney campaign so far — with all the kowtowing to Sheldon Adelson and Bibi Netanyahu — it’s a good choice. First, Ryan is obviously smart. Second, (though haven’t parsed the record yet) he has no reputation as a big tub-thumper on waging wars in the Middle East; indeed, serious concern about America’s fiscal state almost precludes support for an excessively hawkish foreign policy. It strikes me more generally that the more energy one devotes to learning something truly complicated (like the American budget) the less prone one is to believing ridiculous things about American exceptionalism, our destiny to remake the Middle East through war, stuff like that.

If one twins this with Romney’s recent choice of Robert Zoellick as the campaign’s foreign policy honcho, that makes for two very good days for sanity in the Republican party.
Well you could see Ryan as a strong signal that Romney intends to fight, the in practice rather hawkish, Barry mainly on the weak domestic economy. Well he'd be a fool to do anything else.

Col Lang, another "paleo-con", adds a bit skepticism on that turning into actual policy in A Romney foreign policy team seeing Miit surrounded by neocons or Israel's fellow travelers. Who a POTUS owes favors to is often key to understanding how they'll jump, Mitt owes Adelson big time and appears to be a be a man who honors his debts.
 
#4
Col Lang also offers this on the Ryan pick
...
Romney introduced Ryan as "the next president of the United States" before correcting himself. Was this a freudian slip betraying an understanding that Ryan would be Romney's Cheney?


Romney appeared to be having a difficult time reading the teleprompter (or whatever it was). He several times tripped over words in his text, misreading them or mispronouncing them. His writers need to give him easier material.


Ryan is a choice born of fear, a fear that the right wing base will not vote for Romney in sufficient numbers to elect him in key states. Remember, an American presidential election is about winning majorities in states, not the country as a whole. This is still a federal republic This is something that people who are not of us often have a hard time learning. Fareed Zakariya, now suspended from most of his jobs for plagiarizing material for his attacks on 2nd Amendment rights, has never learned this. More on that will appear here tomorrow.


Ryan will rally the Republican base but he will also alienate many who understand that Ryan's economic thinking includes privatization of Social Security and Medicare. The Republicans can spin that all they want but Ryan wants to make the economy whole by taking benefits from most people. That will cost Romney in November.


At the same time, the event was staged in a navy town in front of a storied WW2 battleship, a ship that represents the period of America's greatest military dominance in the world. Is this a signal as to Romney foreign policy or what? For Romney to do that is strange behavior for a man who chose not to serve in the military. Neither did Ryan. Too good to serve? How many sons does Romney have? How many served anything but their church?


In his speech at Norfolk Ryan referred repeatedly to all the things that "we" will do when elected. Perhaps he does not know that Romney would be president and not he, or has he been given assurances that power will be shared a la Bush/Cheney? Under the constitution of the US the VP has no power at all, except to wait for the president's death and to preside over the senate.


IMO Ryan will be at least as much a problem as a blessing for Romney. pl


Romney declares Paul Ryan the 'intellectual leader' of the GOP - latimes.com
The WWII battleship is signaling Romney=Reagan. I doubt if Reagan would ever have risked running on something as risky as the Ryan plan.
 
#6
We could kill every single millionaire and billionaire in the country, and take every dime of value they possess. Liquidate the assets of the Fortune 500 corporations in their entirety.

And still not be close to closing the deficit. There simply isn't the money out there to be taxed, sorry. Spending cuts are critical, or in a couple decades the US will default on its debts for the first time in history, and if you think the world economic situation is bad now, watch what happens then. We can all run around pretending we can keep spending on social programs like it's cool, or we can get fcuking serious about fixing the Federal budget. I have no confidence that the 51% of Americans who no longer pay any fcuking income tax will get serious about it. Guess we'll see.
 
#7
#8
#9
We could kill every single millionaire and billionaire in the country, and take every dime of value they possess. Liquidate the assets of the Fortune 500 corporations in their entirety.

And still not be close to closing the deficit. There simply isn't the money out there to be taxed, sorry. Spending cuts are critical, or in a couple decades the US will default on its debts for the first time in history, and if you think the world economic situation is bad now, watch what happens then. We can all run around pretending we can keep spending on social programs like it's cool, or we can get fcuking serious about fixing the Federal budget. I have no confidence that the 51% of Americans who no longer pay any fcuking income tax will get serious about it. Guess we'll see.
The Ryan/Romney agenda has very little to do with fiscal prudence, What we have here is naked, extractive class warfare on behalf of the top decile. And that would be fine but its patently a formula that has failed. The Ryan plan is a recipe for a ballooning deficit as government steps back and providers gouge as any sensible enterprise would, it's a recipe for rent seeking on a 60s South American scale.

I don't think much of the Dems, they've been bought just like the other side.. However for the past four decades the GOP has preached prudence and spent like a rdrunken sailor when it has been in office to support its backers and it will again. The only period of discipline was under Clinton and that was twinned with a feckless attitude to regulation that led to future busts.

America's very limited social programs are not just democratically sanctioned but an economic stabilizer as capital retreats nervously from markets. Your main problem is being screwed by big interests in things like healthcare with the complicity of government and until there is some collective will to stop being such weak willed. easily led pussies it will continue.
 
#10
However for the past four decades the GOP has preached prudence and spent like a rdrunken sailor when it has been in office to support its backers and it will again.
Which is why the Tea Party was born and is successfully electing candidates who are serious about cutting spending. The Dems keep whining about increasing taxes, no increase in taxes will make a meaningful dent in the fiscal deficit. None at all. And they know this, and play class warfare saying "the rich don't pay their fair share". Their proposed income tax increases will do fcuk-all to fix our budgetary crisis, and would likely exacerbate it by further stunting economic growth. Even Bill Clinton had a moment of candor and said the current tax rates should remain in place until the economy gets back on track, before Team Ogabe had a little scream at his handlers. I am by no means a fan of Bush the Elder or Bush Junior, as relates to domestic policies, from the Patriot Act to Medicare Plan D. I'm by no means a fan of a Republican Party that acts like Democrat Lite. But I would vote for a dead stick over the current Socialist in Chief, and frankly I wish a serious, honest and frank politician like Ryan were at the top of the Republican ticket.
 
#12
Rasmussen: Ryan favorability 39/25, 52/29 among … seniors « Hot Air

Let’s take a look at the demos from that July poll. What leaps out from that survey is that Ryan actually does better among independents than any of the other presumed short-listers, save Condoleezza Rice, who wasn’t really shortlisted at all. Among unaffiliated voters, Ryan scores a 36/22 favorability, compared to 31/29 for Bobby Jindal, 26/28 for Tim Pawlenty, and a dismal 15/16 for Rob Portman. (Rice was 63/19 among indies.) Ryan also scores best among women, albeit with a narrow 29/25 edge.

For even more counterintuitive results, look at Ryan’s standing among seniors. Despite the attacks on Ryan over his budget plan, he’s easily the most liked of the short-listers among likely voters 65 years of age and over, with a 52/29 favorability rating. His “very favorable” rating of 31% in the 65+ group is more than 10 points better than the other shortlisters in the Rasmussen survey (again, save Rice). Jindal did well, too, with a 44/28, as did Pawlenty with a 40/30 and Portman at 37/26, but Ryan’s draw among seniors outpaced all of them. Ryan has plenty of room to be defined in either direction with 35% of voters overall not having an opinion, but that’s only true of 20% of seniors — and Ryan already has a majority of them on his side.

Looks like the Ryan choice was both bold and pragmatic. It still means that Romney and Ryan have to aggressively push to define Ryan themselves, rather than allow the media or the Obama team do it first.
 
#13
George W. Bush was handed a 2.4 surplus of GDP when he took office. In four years he managed to turn it into a 3.6 percent deficit.

Still, there's one thing we can be sure of about the Republicians as financial managers: they'll always manage to faint and fall into a lifeboat, no matter who else gets left to drown.
 
#14
George W. Bush was handed a 2.4 surplus of GDP when he took office. In four years he managed to turn it into a 3.6 percent deficit.

Still, there's one thing we can be sure of about the Republicians as financial managers: they'll always manage to faint and fall into a lifeboat, no matter who else gets left to drown.
We were attacked fuckstick for one thing. For another we had a recession when he took office. From 2nd Qtr FY00 When Bill Clinton was President to 3rd Qtr FY01

But hell lets not let some facts get in the way of communist propaganda
 
#15
Which is why the Tea Party was born and is successfully electing candidates who are serious about cutting spending. The Dems keep whining about increasing taxes, no increase in taxes will make a meaningful dent in the fiscal deficit. None at all. And they know this, and play class warfare saying "the rich don't pay their fair share". Their proposed income tax increases will do fcuk-all to fix our budgetary crisis, and would likely exacerbate it by further stunting economic growth. Even Bill Clinton had a moment of candor and said the current tax rates should remain in place until the economy gets back on track, before Team Ogabe had a little scream at his handlers. I am by no means a fan of Bush the Elder or Bush Junior, as relates to domestic policies, from the Patriot Act to Medicare Plan D. I'm by no means a fan of a Republican Party that acts like Democrat Lite. But I would vote for a dead stick over the current Socialist in Chief, and frankly I wish a serious, honest and frank politician like Ryan were at the top of the Republican ticket.
Trouble is there's lots of blather about fiscal responsibility but when it comes down to it in Congress they are all just running after their favored red state entitlements and trying to tamp down taxes on the better off.

You are right restoring pre-Bush tax rates on the wealthy will have fairly trivial affects on the economy, they've already burnt a large hole in Uncle Sam's pocket. Neither will expending the deficit by coddling rich folk and reducing them further. That's all politics, though the polls are much keener on the former direction of class warfare.

With a possible recession looming few conventional economists would recommend raising revenues, in fact what you want to is ensure is that especially the lower deciles have cash to spend. The wealthy won'y use their capital productively until demand is restored and that's mostly a matter easing the burdens on hard pressed blue collar guys who will spend all they can get. This is pretty much the opposite direction to what the GOP is planning, pushing down on the lower deciles, and lightening the load on the wealthy. In reality Romney's books don't balance any better then Herman Cain's or Berlusconi's, it's just a happy fairy tale for the economically illiterate.

In these circumstances economists will be even stronger in their objections to cutting spending even on things that are dear to the Tea Party like Pentagon pork and daft agri subsidies, what they'll recommend is counter cyclic spending. Like the UK the US has been deferring a great deal of necessary public spending for decades and has a huge hidden deficit in things like infrastructure, labor is cheap and DC's credit thanks to market forces is free, it's plain bad business to let stuff rot and repair costs escalate in the name of starving the beast.

Much of Europe has gone in the opposite direction to conventional wisdom and is varying from weaker and declining growth than the US in Germany, recession in the UK, to outright depression in Greece which under pressure from the troika has cut deep into the muscle of the economy in the reckless pro-cyclic Tea Party style.

The real risk of the Tea Party getting their ideological foibles indulged is the US goes into back into recession. The markets up the vig to on its huge debt and that causes it to balloon faster than the US is willing to pay taxes to cover the interest. That's a formula for going back to the 30s and even pampered folk should be damn scared of that prospect. At some point when the economy is healthy growing again what government does can be pruned back and middle deciles taxes will probably have to rocket up to pay the existing debt down.
 
#16
Americans Divided Over Ryan vs. Obama Deficit Plans

Seniors back Ryan's plan to Ogabe's, 48% to 42%. Maybe they're tired of the Federal Gov't robbing their grandchildren blind.
On Politico Paul Ryan plan unpopular, polls show, they note that Gallup poll was an exception and that's a narrow gap.

I think it may matter whether they point out the original Ryan plan actually gives a pass to the over 55s on the Medicare changes. So it's not going to hurt old folks just their kids. Of course that act of sheer political cowardice means it'll have sod all affect on the deficit for a decade.

I'd give it a month as Ryan with his big blue eyes makes the case that he's trying to save Medicare from itself with tough love while team Barry whales on him as a granny killer. Folk in the US pay so little attention to policy detail it will all come down to who looks scariest.
 
#17
On Politico Paul Ryan plan unpopular, polls show, they note that Gallup poll was an exception and that's a narrow gap.

I think it may matter whether they point out the original Ryan plan actually gives a pass to the over 55s on the Medicare changes. So it's not going to hurt old folks just their kids.
I'd have been doing damned well in the retirement department if the idea of allowing privatized retirement funds vice Social Security had been put in place. There's a city in Texas, don't recall the name now, which through a loophole in the SS code totally opted out of SS for their city government work force. They are required to pay SS tax--but put it in their own damn retirement accounts, with their own choices for investment. Early retirement is commonplace for these folks, even the janitors, when they can take the wad of SS tax money and put it into the free market. Even better news for the tax payers, these public employees' retirements are totally self-funded, and aren't the monster public pensions which are bankrupting so many municipalities.
 
#19
Paul Ryan: all mouth, no trousers.

Spent 2001-2009 faithfully carrying water for the economic policies of Bush Cheney and only had the "courage" to put forward what one can only laughingly call a budget plan when he knows full-well that there was never any way it would actually be implemented. Should he ever get himself into a position where it could be (and he won't) he would be the first to shit his pants.

It's a sad day when the Republican Party's chief economic thinker is a guy with just BA in economics from a third-tier university who entered Congress when still in his 20s.
 
#20
I'd have been doing damned well in the retirement department if the idea of allowing privatized retirement funds vice Social Security had been put in place. There's a city in Texas, don't recall the name now, which through a loophole in the SS code totally opted out of SS for their city government work force. They are required to pay SS tax--but put it in their own damn retirement accounts, with their own choices for investment. Early retirement is commonplace for these folks, even the janitors, when they can take the wad of SS tax money and put it into the free market. Even better news for the tax payers, these public employees' retirements are totally self-funded, and aren't the monster public pensions which are bankrupting so many municipalities.
Do you not remember what happened in 2008?

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