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No evidence Ryan selection hurts Republican ticket

Posted by B. Daniel Blatt at 7:40 pm - August 14, 2012.
Filed under: 2012 Presidential Election

I’ve been working on a post contesting that “conventional wisdom” (as presented in at least two Washington, D.C.-based publication by quoting anonymous Republican strategists) that Mitt Romney’s choice of Paul Ryan as his running mate all but dooms the GOP ticket to certain defeat this fall.

My basic argument is that this notion is bogus, primarily because most Americans recognize that we need do something about the debt — and thus will not immediately reject his budget plan.  Not just that, the House Budget Committee Chairman can express himself (and defend his plan) quite well — even without a teleprompter.  As Seth Mandel put it on Commentary’s blog:

Joining the ticket means Ryan will be at full volume, speaking directly to the voters. A poll last week found popular support for Ryan’s budget after it was described in positive terms. If Ryan has the chance to frame the debate about his budget, Democrats may find the Obama campaign’s demagoguery less effective than they think.

Moreover,  you can’t really analyze this particular vice presidential nominee with traditional metrics.  His real test will come when he speaks later this month to the Republican convention in Tampa.

That said, early signs (while not conclusive) suggests Ryan helps more than he hurts, with the GOP base energized and donating money at a breakneck pace to the Romney campaign, the Wisconsin Congressman’s favorability rising and Gallup showing Romney polling better in a matchup against Obama (than he was last week).  From Gallup’s home page: (more…)

Watcher of Weasels Winners — Ides of August Edition

Posted by B. Daniel Blatt at 7:17 pm - August 14, 2012.
Filed under: Blogging,Conservative Ideas

Council Winners

What is the Democratic plan to prevent Medicare bankruptcy?

Posted by B. Daniel Blatt at 1:00 pm - August 14, 2012.
Filed under: Democratic demagoguery,Real Reform

Today, in his Morning Jolt newsletter (available by subscription), Jim Geraghty links Guy Benson’s piece about the Democratic National Committee Chairman’s appearance on Wolf Blitzer’s Situation Room.  Benson asks the question that anyone should ask Democrats who criticize Paul Ryan for his plan to reform Medicare and Mitt Romney for tapping the Wisconsin Republican as his running mate:

When Blitzer asks her to specify exactly how current or soon-to-be seniors would be impacted by the GOP plan, she cannot.  Because they’re not.  The Left is intellectually bankrupt on the very subject they claim will allow them to crush Mitt Romney in November.  They despise the bipartisan solution Republicans have offered, but they have no alternative of their own.  Dear Democrats, Medicare is slated to go bankrupt in 2024.  You say it’s wrong for future seniors to be denied Medicare as it currently exists.  Okay, what’s your plan, guys?  We know that your actions have already cut Medicare by $700 Billion to pay for part of Obamacare.  We also know that Obamacare establishes a government panel to ration care for the elderly.  And yet the 2024 deadline is still coming.  Again, what’s your plan, Democrats?  Mr. President?  Anyone? 

Emphasis added.  Writing about the “Blitzer dissection of Wasserman Schultz”, Jennifer Rubin wonders if others in the media are catching on to Democratic demagoguery on the Ryan reforms: (more…)

Does the federal government have enough money for Obama’s economic policies?

Last Thursday, Politico reported that President Obama wants to extend the “auto industry success” to other industries:

President Obama, while villifying Mitt Romney for opposing the auto industry bailout, bragged about the success of his decision to provide government assistance and said he now wants to see every manufacturing industry come roaring back.

“I said, I believe in American workers, I believe in this American industry, and now the American auto industry has come roaring back,” he said. “Now I want to do the same thing with manufacturing jobs, not just in the auto industry, but in every industry.

That “success” came at quite a price to taxpayers as the Detroit News reported yesterday:

The Treasury Department says in a new report the government expects to lose more than $25 billion on the $85 billion auto bailout. That’s 15 percent higher than its previous forecast.

In a monthly report sent to Congress on Friday, the Obama administration boosted its forecast of expected losses by more than $3.3 billion to almost $25.1 billion, up from $21.7 billion in the last quarterly update.

The report may still underestimate the losses. The report covers predicted losses through May 31, when GM’s stock price was $22.20 a share.

A loss of $25.1 billion?  Just a drop in the bucket for an administration which has increased the debt by over $5 trillion.