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A Gamble on Paul Ryan

Last weekend the Romney campaign laid their cards on the table...

Last weekend the Romney campaign laid their cards on the table. After months of speculation over whom the Romney campaign would pick for the vice presidential nomination, Mitt Romney opted not to make the safe play by picking someone such as Governor Tim Pawlenty or Senator Robert Portman, but instead attempted to energize his base by going all in with Congressman Paul Ryan.

The pick of Ryan was a calculated appeal to voters in the Republican base who have fretted over Romney’s conservative credentials since his nomination. In aiming to shore up his base, Romney has instead unwittingly violated the principle of do no harm by tying his campaign to the principles and plans that Ryan espouses.

What was supposed to be a referendum election with the candidate’s abilities to manage the world’s largest economy at the center of the issues overnight transformed into a debate over ideas. Now, the game comes down to which course of action is better for American voters in insuring the continued prosperity and growth for the country.

On one hand, we have the course established for us in the four years of President Obama’s command. In the American Recovery and Reinvestment Act of 2009 President Obama took the necessary steps to shore up the industrial base of the United States and to prevent another collapse of the banking and housing industry.

By making sure there are regulations and guidelines, such as the Dodd–Frank Wall Street Reform and Consumer Protection Act, aimed at preventing the types of predatory lending and dangerous investing which brought about the recession in the first place, the administration has put safe-guards in place which protect the economy going forward. The Patient Protection and Affordable Care Act have provided all Americans with a healthcare solution for the first time ever.

However, Ryan’s ideas would jeopardize both the recovery and well-being of the average middle-class American. The Ryan plan calls for spending cuts to non-critical programs such as Medicare and SNAP while preserving tax breaks for the largest earners in American society.

Through true supply side economics, Ryan would place the fortunes of the middle class at the whims of the elite whose only incentive is to increase their profits. While supply-side economics are not always a bad idea, this is a huge gamble. By removing the checks and balances present with government regulation, Romney and Ryan would create and environment which favors the people who already life comfortably, and force the middle and lower class to support them in hopes of establishing a trickle-down effect. The poor and elderly would see their healthcare disappear with 700 billion dollars’ worth of Medicare cuts.

This election is now about an ideological difference moving forward in America. While Ryan’s attempts to cut the deficit are commendable for his initiative in promoting discussion, they are simply too extreme. By gutting the core of programs aimed at helping the middle and lower class, while refusing to consider tax breaks for the rich or additional sources of revenue, Romney and Ryan have laid the cards on the table in a desperate all in.

They have given their right-wing base what they desire to the detriment of voters in crucial swing states such as Florida, where many benefit from programs which would be cut. President Obama has given us an alternative to this drastic plan. It now falls to us, the American voters to decide how best to proceed.

Reprinted from State Senator Curt Thompson's (D-5th) blog. Also, check the Senator out on Facebook and Twitter.

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Brian Crawford August 28, 2012 at 09:10 pm
Hi Dave. Did you just admit that government creates jobs? I think you did. And I wouldn't be laughing at anyone since you seem unable to grasp the rather simple concept of the Clinton surpluses which are a well documented fact.
Corporations are quite happy with unemployment right where it is. Low enough to not effect their record profits, yet just high enough to create a fearful and very pliable labor market.
Brian Crawford August 28, 2012 at 09:23 pm
You should be allowed to make as much money as the market allows. I think the Clinton marginal rates on income were about right although I would add a top rate of 50% on income over a million dollars. The biggest change I would make is taxing capital gains the same as income. Most of the ultra wealthy don't earn wages like you or I, they live off of investment income and pay a much lower tax rate than we do. Is it fair that Romney paid only 13.9% in 2010?
Jeff Banks August 28, 2012 at 09:23 pm
Brian, you guys come up with some of the nuttiest concepts I have ever seen. "Corporations are quite happy with unemployment"
That's got to be the most ludicrous statement I have seen you write yet. So you think that Obama's unemployment and lousy economy are great for corporations? McFly? Coo Coo
Dave Emanuel August 28, 2012 at 09:30 pm
Brian-
You can try selling your liberal pablum and misunderstanding my statements all you like. That won't change the facts. Speaking of which the Clinton surpluses are a myth not a fact. I'm still waiting for an explanation of how a surplus added to the national debt. As for government creating jobs, you're wrong again (except for the government jobs it creates at taxpayer expense). Private industry creates the jobs, the government is just a customer of private industry. As for corporations being "happy" that's impossible. A corporation is an entity that has neither emotion nor feelings. I suppose in your world, every corporate manager is an evil unfeeling automaton who only lives to take advantage of working people. In the real world, managers are simply people who must balance the economic and human aspects of business. But I don't really expect you to understand any of that.
Stan Kelley August 28, 2012 at 09:45 pm
After the defeat Ryan will go to a think tank which requires no thinking. Just Sign you name. Get on right-wing TV as often as possible. Go to cocktail parities and chat people up. Like Hannity, or Michael Reagan etc. etc. World without End, AMEN!
Chris August 28, 2012 at 09:57 pm
Why would Ryan do that after Obama is defeated? It's a little early to be drinking Stan.
Tammy Osier August 28, 2012 at 10:07 pm
Intemperate thoughs (er...corrections):
Bush had a 5% unemployment rate for two years until *gasp* democrats took over congress (imagine that) Even though Clinton had a good run, rememgber that he was smart enough to move to the middle and agreed with the Republicans on the contract with America (yep- that dasterdly 1% tax cuts - look it up). And there was a slow recession which is a normal cycle of economics. Bush didn't start wars - the TERRORISTS did when they attacked us (Republcans don't sympathize with terrorists nor do they appease them). Seriously, Dave and the rest- don't you have anything better to do than to argue endlessly with people who refuse to hear a word you say? They are in company with liberal Ellen barkin who hopes that the hurricane kills every gay bashing zenophobic SOB at the RNC...uh...occupy wallstreet fanatics that have made threats to come and kill a few people at the RNC, and I could go on. That's the type of stuff they're listneing to. Why don't ya'll go to a movie or spend some time doing something fun since you work so hard all day. Arguing with walls is just not fun to me. lol
Tammy Osier August 28, 2012 at 10:15 pm
Oh, and when Bush tried to stimulate the economy, we got a real live check in the mail. I know, because I used it to pay a mechanic to fix my engine (you know, a small businesman?). All I've seen since obama is more federal taxes in my paycheck, and money get wasted when bailed out companies go banckrupt again and investments like solyndra go belly up - with my money. One banckrupt idea after another. The book that's out about obamam called "The Amature" has it right. He's a rank amature. He simply doesn't haver a clue about how the business world works, and surrounded himself by leftist loonies.
Tammy Osier August 28, 2012 at 10:20 pm
Ryan was an intelligent pick. He's fearless- something we haven't seen in a republican candidate in a long time. Romney could have gone with someone easy in order to get at certain bases, but he didn't. He found someone who will take this thing to the finish line. Liberals are terrified of him. That's why the silly, ridiculous attacks.
Brian Crawford August 28, 2012 at 10:27 pm
Dave, why do you have to preface everything with an insult? Without the demand that our defense budget creates, those jobs wouldn't exist. Jobs aren't created out of thin air. Demand creates jobs regardless of where that demand comes from. When that demand comes from government, government is creating jobs.
We've been over the Clinton surpluses before. The increase in debt was due to portions of the surpluses that were invested in treasury bonds. The federal budget is a fairly straight forward balance sheet. The last 4 years Clinton was in office receipts exceeded outlays creating budget surpluses. http://www.taxpolicycenter.org/taxfacts/displayafact.cfm?Docid=200 I was a manager for a Fortune 100 company for nearly 15 years. I saw the culture change from one that valued employee quality of life to one that was willing to sacrifice employee benefits and opportunities to pad the bottom line and increase share price. The corporation was doing exactly what it was designed to do; enriching investors at the expense of employees. It is much cheaper for companies to operate in an environment where they don't have to offer competitive benefits and salaries in order to retain good employees.
Larry Reid August 28, 2012 at 10:39 pm
Brian, I think you goofed. You just stated "Jobs aren't created out of thin air".
Ooops! That's okay. You're human but of course Obama creates government jobs out of thin air. The same way he creates laws bypassing Congress. What this about not being insulting? I thought that's what we're doing. Am I messing this up?
C.J. August 28, 2012 at 10:52 pm
RE: "Speaking of which the Clinton surpluses are a myth not a fact."
Sigh. Q: During the Clinton administration was the federal budget balanced? Was the federal deficit erased? A: Yes to both questions, whether you count Social Security or not. http://www.factcheck.org/2008/02/the-budget-and-deficit-under-clinton/
C.J. August 28, 2012 at 10:55 pm
RE: "...of course Obama creates government jobs out of thin air..."
But on Wednesday, under questioning from skeptical Republicans, the director of the nonpartisan (and widely respected) Congressional Budget Office was emphatic about the value of the 2009 stimulus. And, he said, the vast majority of economists agree. In a survey conducted by the University of Chicago Booth School of Business, 80 percent of economic experts agreed that, because of the stimulus, the U.S. unemployment rate was lower at the end of 2010 than it would have been otherwise. “Only 4 percent disagreed or strongly disagreed,” CBO Director Douglas Elmendorf told the House Budget Committee. “That,” he added, “is a distinct minority.” ...Most economists not only think it should have worked; they think it did work, Elmendorf replied. CBO’s own analysis found that the package added as many as 3.3 million jobs to the economy during the second quarter of 2010, and may have prevented the nation from lapsing back into recession. http://www.washingtonpost.com/business/economy/congressional-budget-office-defends-stimulus/2012/06/06/gJQAnFnjJV_story.html
C.J. August 28, 2012 at 11:02 pm
I hear you, Tammy. Democrats are afraid of a guy who wants to privatize Medicare, slash taxes for the wealthy, and raise taxes on the middle class--all without balancing the budget. All winning issues for Republicans. Fearless is right.
http://ctj.org/pdf/ryanplan2010.pdf
Dave Emanuel August 29, 2012 at 02:02 am
Tammy- I'm about done. Several months ago, I wrote the Doctrine of Nofaultness and the Doctrine of Associated Irrelevance.as a means of helping conservatives understand the liberals' approach to discussion. The posters here continually provide new material to expand those doctrines and add a few more. I'm even going to name one of the new doctrines after Brian. If you'd like to read them, let me know and I'll send you a link.
Brian Crawford August 29, 2012 at 02:08 am
Terrified of Ryan?. Tammy you read way too many right wing blogs. We are delighted at the chance to expose Ryan for what he is; some guy who graduated with a BA in Econ from a third rate Ohio school who thinks reading Ayn Rand makes him an intellectual. Ryan is all hat and no cattle. The GOP presents him as a "serious thinker" but his policies read like he cribbed them from the back of a cereal box.
George Wilson August 29, 2012 at 02:27 am
@Tammy Osier
It is not true that your taxes have gone up under Obama.What world have you been living in?You got a stimulas check under Obama along with a decrease in your social security tax.
George Wilson August 29, 2012 at 02:33 am
@dacula_dude
The bottom 50% do pay taxes Fica,medicare,and sales tax.So your statement about the botton 50% paying no taxes is not true.you are hereby sentenced to watching MSNBC for one month and to abstain from watching FOX and listenibng to Rush..
Dave Emanuel August 29, 2012 at 02:47 am
Brian- considering some of the things you've posted, I didn't figure you would consider my comments insulting. My apologies if you were offended. As to the subject of the mythical Clinton surpluses, the alleged "facts" are based on interpretive accounting. Budgets are done at the beginning of a fiscal year, and are simply blueprints for anticipated revenues and expenditures. At year end, a budget has to be reconciled with actual revenues and expenditures. It's the reconciliation that tells the real story. Regardless of the whether a budget reflects a surplus or a deficit, if actual expenditures exceed revenues, overall debt increases. That's precisely the case with the Clinton budget "surplus"-- national debt increased. Had there been a true surplus, national debt would have been reduced.
Some will argue that the debt increase was simply a result of intragovernmental loans. That is certainly a factor, but all loans have to be repaid, so all loans represent debt. And one way or another, the money that was borrowed from the Social Security fund will have to be repaid. Unfortunately, that can't be done unless we borrow more money from another source. If you really want to cut to the chase, whatever past presidents did or didn't do is almost irrelevant. Since Obama has been in office, the national debt has exploded into uncharted territory and no amount of tax increase will be sufficient to reverse course.
RL August 29, 2012 at 02:50 am
Miami is not a third rate school, Brian.
You have no idea what you are talking about. Go back to your pitiful world.
Tammy Osier August 29, 2012 at 03:05 am
Dave, I'd love to read it. Have you guys seen some of the viciousness from the left that's come out against Ryan? Death to RNC! Hope they all die in the storm! Good grief! Laughable, because Romney showed his maturity in bringing a real conservative to the table, not just someone who could appeal to his electorate and get him elected (unlike liberals who appoint people based on quotas rather than the content of their character and abilities). He's in it for the long haul. Finally some adult conversation instead of the immature "spending like a teenager" politics of the last 4 years.
Btw...Ayn Rand is some deep stuff. Reads like a newspaper today, and she actually lived in a communist country so is someone who can speak from experience. Of course, George will say that she doesn't know what she's talking about and that it didn't happen since he doesn't agree with it...lol
Tammy Osier August 29, 2012 at 03:08 am
Steve, have you noticed how silent the left is on the unions? if it were Bush we'd hear it from the roof tops!
Tammy Osier August 29, 2012 at 03:12 am
Wow! I got a stimulus check from obama!!! When did this happen??? I know for a fact that I got one from GWB. Held it in my hands, the ngave it to a small business owner to fix my truck. George you're the only person I have met here that can tell me something isn't true when I'm looking right at it (got paid today)! How do you take yourself seriously???? I have 2 new federal taxes, my insurance premiums went up, and I do not have a decrease in social security! I make LESS now than I did 3 years ago. Maybe you should take that up with the county I work for. Tell them I'm supposed to make more because obama is the prez. I'll go and check my mailbox now.
C.J. August 29, 2012 at 02:56 pm
RE: "Wow! I got a stimulus check from obama!!! When did this happen??? I know for a fact that I got one from GWB. Held it in my hands,..."
"Wow," is right. With the poor quality of out media, I can understand how people can be ignorant of the tax cuts that they received under President Obama. However, I can't understand why they insist on wallowing in such ignorance. It seems to be a source of pride. http://www.irs.gov/newsroom/article/0,,id=204447,00.html http://www.washingtonpost.com/blogs/ezra-klein/wp/2012/08/28/the-obama-administration-has-cut-taxes/ http://www.ctj.org/obamastaxcuts/ga.pdf
George Wilson August 29, 2012 at 08:47 pm
Prof. Robert S. McElvaine of Millsaps College examined employment data for the 64 years from the beginning of Harry Truman’s presidency to the end of George W. Bush’s. He found that an average of two million jobs were created per year when a Democrat was president, compared with one million annually when a Republican was president.
Larry Reid August 29, 2012 at 08:55 pm
Two million for every democrat? That is a lot of government jobs.
George Wilson August 29, 2012 at 09:00 pm
@Steve R
You are right about GE just wanted to do a test.
George Wilson August 29, 2012 at 09:02 pm
@Tammy Osier
If you can misrepresent the facts ,so can I.
George Wilson August 29, 2012 at 09:12 pm
@Tammy Osier
Ayn Rand also believed that the scientific consensus on the dangers of tobacco was a hoax. By 1974, the two-pack-a-day smoker, then 69, required surgery for lung cancer. And it was at that moment of vulnerability that she succumbed to the lure of collectivism and started to use Medicare.
George Wilson August 29, 2012 at 09:16 pm
@Larry Reid (only the lonely)
Try Tammy Osier
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