Sunday, August 12, 2012
Romney Picks Ryan As VP Candidate
The presidential campaign has shifted from a candidate with no economic plan to a VP candidate that has been floating a real plan for the last year. Romney's selection of Paul Ryan as his VP candidate will increase the focus of his campaign on deficit reduction. Ryan's plan includes tax cuts for the rich, which make deficit reduction impossible without draconian cuts in social welfare programs. This is a risky bet, and it may suggest that Romney was playing a losing hand. It will be difficult for him to hide from the details in the Ryan plan if that replaces his plan with few details.