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Politics

Eric Cantor on Mitt Romney and Paul Ryan

> Mitt Romney and Paul [Ryan] get it. They believe we shouldn’t raise taxes on small business. They believe we need to reduce red tape and repeal Obamacare, which is making it harder for businesses to grow. They believe we need to develop our domestic energy resources, especially off the coast of Virginia. They believe we need to prevent the devastating defense cuts that will threaten our national security and jobs. With their help, we can finally do these things.

You have to think having someone like Paul Ryan on the ticket excites conservatives like Eric Cantor a lot more than Mitt Romney alone. I know that is how it worked for me.

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Politics

Framing the Candidates

As Victor Davis Hanson points out:

> Expect the Ryan selection in the next few days to spawn a new flurry of “wealthy white man” invective in a manner that two Clinton-Gore tickets, a Gore-Lieberman ticket, and a Kerry-Edwards ticket never did.

These next few months are going to be interesting.

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Politics

Does Having Paul Ryan on the Ticket Matter?

Dan Mitchell points out that the vice presidential selection rarely matters in elections. He also gives some of the positives and negatives of Paul Ryan from a libertarian perspective:

> *Here are the reasons why I’m happy.*

> I think Ryan genuinely believes in small government, low tax rates, and free markets. Heck, he’s even read Ayn Rand, and is willing to admit that he likes her writings.

> …

> He understands that not all entitlement reform is created equal. Instead of supporting means-testing (which produces implicit higher marginal tax rates) and unsustainable price controls, Ryan got his colleagues to support Medicaid block grants and premium support (or vouchers) for Medicare.

> …

> *Here are … reasons why I’m worried.*

> Both Romney and Ryan are somewhat sympathetic to a value-added tax. My worst-case scenario is they win the election, but then can’t get a good budget approved because of some squishy Republican senators who put self interest above national interest. Romney and Ryan then decide that this European-style national sales tax is the only way – on paper – of making the budget balance. In reality, of course, we’ll suffer the same fate as Europe since the VAT revenues will be used to finance ever-larger government.

That is just a sampling, but I think Congressman Ryan’s positives far outweigh his negatives.

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Politics

National Review on the Romney-Ryan Ticket

> Governor Romney has made an inspired choice. Paul Ryan will make an excellent running mate and, if elected, vice president. What is most gratifying about the decision is, however, what it says about Romney himself.

> Romney could have decided to run a vague and vacuous campaign based on the idea that the public would default to the out party in a bad economy. By selecting Ryan, he has ensured that the campaign will instead to a significant degree be about a conservative governing agenda.

I agree with National Review. This is the choice I was hoping Governor Romney would make.

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Politics

National Review Urges that We Don’t Panic

The National Review editors:

> Better for Romney to acknowledge that we have had some long-building problems in addition to ones of more recent creation, and to pledge to fix them. Our dysfunctional health, tax, and immigration systems long predate Obama even if he has made them worse. All need conservative reforms if they are to serve the country’s interests. So do our entitlement programs. Romney need not (and should not) repudiate Bush. He needs instead to make a case that transcends the Obama-vs.-Bush debate that the president is obviously desperate to have.

I agree with that strategy. It is similar to [what Laura Ingraham](http://www.LauraIngraham.com/b/Romney-is-not-winning.–Heres-how-he-can./612990269443758992.html) outlined earlier today. I know there are some out there that suggests Governor Romney can just run against how bad things are under President Obama without proposing plans to fix it. I prefer the idea of giving the American people plans of how we are going to get out of this mess. I think that is a path that is much more likely to lead to victory in Novemeber.

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Politics

Making the Argument for Ryan

A description of Paul Ryan from [Rich Lowry over at National Review](http://www.nationalreview.com/articles/313564/don-t-fear-ryan-rich-lowry):

> Ryan is an ideologue in the best sense of the term. He is motivated by ideas and knows what he believes and why. But he’s not blinkered. He is an explainer and a persuader.

The media and the rest of the left will attack any selection[^fn1] of Congressman Ryan as Mitt Romney simply “catering to the far right.” Such criticism is usually code for “damn it, that was a good move.”

[^fn1]: For an explanation of how a running mate is selected, see [today’s National Review article from John Fund](http://www.nationalreview.com/articles/313571/great-vp-fake-out-john-fund)

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Politics

Another Reason to Pick Paul Ryan as the VP

> According to Romney insiders, Romney deeply appreciated Ryan’s willingness to privately share his critique of the campaign during the heated Republican primary, where Romney often struggled to make his case. As he watched from afar, long before he endorsed, Ryan drafted a series of detailed strategy and policy advisories, and discussed them with Romney over the phone. For Romney, those corporate-style memos made a lasting impression — and catapulted Ryan into Romney’s circle, where he has remained since.

Someone who can help Mitt Romney better explain conservative principles? That sounds like VP material to me.

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Politics

Ryan on the Rise as a Romney VP Pick

> Romney is a low-key, non-ideological nominee who has found Ryan’s support invaluable in maintaining friendly relations with the base. If he were tapped, Ryan would continue to generate conservative enthusiasm for the ticket, and he’d further reinforce Romney’s aura of number-crunching competency.

Works for me.

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Politics

Romney Tax Plan Would Increase GDP by 5.4%, Add 6.8 Million Jobs

The abstract of [John W. Diamond’s](http://www.bakerinstitute.org/personnel/fellows-scholars/jdiamond)[^note] paper [on the Romney Tax plan](http://www.bakerinstitute.org/publications/Diamond-RomneyTaxReformPlan-080312.pdf):

> There is widespread recognition that the U.S. income tax is a complex, highly inefficient, and costly way of raising revenues to finance government expenditures. In this paper, I analyze a rough sketch of the Romney Tax Plan — a rate-reducing, base-broadening tax reform. The simulations show that such a base-broadening, rate-reducing reform would have significant positive economic effects on the U.S. economy, including increases in investment, the capital stock, employment, and real wages. These gains are in addition to increases in GDP, investment, consumption, and employment that will occur as the U.S. economy continues to recover from the recent recession and as the population grows. Specifically, I find that the reform would, if passed immediately, increase GDP relative to baseline by 5.4 percentage points over the next decade, while creating 6.8 million jobs.

Sounds good to me.

(via [The Right Coast](http://rightcoast.typepad.com/rightcoast/2012/08/romney-tax-plan-would-increase-gdp-by-54-add-68-million-jobs.html))

[^note]: Edward A. and Hermena Hancock Kelly Fellow in Public Finance at Rice University

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Politics

Krauthammer on Romney’s Excellent Trip

> The Warsaw leg was a triumph. Romney’s speech warmly embraced Poland’s post-Communist experiment as a stirring example of a nation committed to limited government at home and a close alliance with America abroad, even unto such godforsaken war zones as Afghanistan and Iraq, at great cost to itself and with little thanks.

> …

> Look at how Romney was received. In Israel, its popular prime minister lavished on him a welcome so warm as to be a near-endorsement. In Poland, Romney received an actual endorsement from Lech Walesa, former dissident, former president, Cold War giant, Polish hero.

Excellent breakdown from Dr. Krauthammer.