General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsNaming Paul Ryan as veep is a collosal mistake by Romney
Naming Ryan makes the Ryan budget effectively the Romney budget.
The Ryan budget may be the singularly least popular piece of legislation proposed since prohibition.
The ads write themselves. Obama and our superpacs can now pull line items out of the Ryan budget for use in ads..... like ending Medicare, extreme cuts to social services and to the wealthy's tax rates.
It will be a goldmine.
The fact that he is an Ayn Rand fanboy is an added bonus.
SidDithers
(44,333 posts)but ain't it great?
Sid
roguevalley
(40,656 posts)Florida. Among other places.
Brother Buzz
(39,824 posts)part man all 86
(367 posts)Fawke Em
(11,366 posts)But, geez... how does one actually laugh without making noise?
PurityOfEssence
(13,150 posts)Never count out the well-financed reactionaries, though...
Motown_Johnny
(22,308 posts)I heard that one today on Ed's show (I think) and almost fell off my seat. Ed had some old conservative I don't know throwing out names for VP that would be better than Ryan. Maybe Ed heard something ahead of time and wanted to get that stuff on the record.
ProfessionalLeftist
(4,982 posts)Cognitive_Resonance
(1,564 posts)elzenmahn
(904 posts)...when he is shown the door in November. Obama needs a congress he can work with.
yurbud
(39,405 posts)or FDR v. Alf Landon as the most lopsided in history?
matmar
(593 posts)tblue
(16,350 posts)Put them in a commercial!
Lefty Thinker
(96 posts)They called Ryan's budget immoral, but seem to have a, hmmmm, predilection for a Rmoney win.
catbyte
(38,997 posts)A small yet important distinction.
JoePhilly
(27,787 posts)That's the nuns, not the Bishops.
Ikonoklast
(23,973 posts)Picking Ryan is a masterstroke of genius!
Don't anyone pay attention to the OP, he's talking crazy talk!
Democrats are trembling in fear over this brilliant move!
tblue
(16,350 posts)Brilliant
BlueStreak
(8,377 posts)Chemisse
(31,316 posts)part man all 86
(367 posts)The government is not a bank for you people.
Tunkamerica
(4,444 posts)please explain
tavalon
(27,985 posts)but I'm not sure. It could have used a sarcasm tag.
Tunkamerica
(4,444 posts)backwoodsbob
(6,001 posts)something RMoney said
jeff47
(26,549 posts)Firebrand Gary
(5,044 posts)elzenmahn
(904 posts)...I'm loving this already. Ryan has had his head up Ayn Rand's ass so far he can't see what a political liability his budget will be.
"The Path To Austerity"...indeed.
elzenmahn
(904 posts)...didn't Rmoney already state that he supported the Paul Ryan budget?
BTW, for you home owners out there with mortgages - I'd check Mr. Ryan's budget plan if I were you. Is there not a mention in there regarding removing the mortgage interest tax deduction? If so, that will certainly win over some voters.
This is rich - and I think, exactly what the Obama campaign was hoping for. I am delighted.
BlueStreak
(8,377 posts)Obama can attribute anything in the Ryan budget directly to Romney. They simply have to refer to it as the "Romney/Ryan Budget plan".
We should not underestimate the ability of the MSM to fawn all over Ryan, but hopefully they got that out of their system 9 months ago.
Auntie Bush
(17,528 posts)We can also speak of them collectively as Mittryan. i.e. Mittryan is a sleaze bag. Kills 2 birds with one stone and deprives both of then publicity.
golfguru
(4,987 posts)I get no mortgage deduction anyway. I will settle for lowering tax brackets instead.
Fumesucker
(45,851 posts)I was in that situation for at least a decade, if you don't owe a great deal on your home the mortgage interest deduction is not that good a deal.
yardwork
(69,236 posts)Think of the typical "independent" voter. They live in a slightly rural area in the midwest or south and own their home and some land around it. They have a garage and maybe a wired workshop. They have a riding mower that they bought on credit, and they're planning to add to the deck this year but they're worried that "Obamacare" will take their money. Now they hear that the Romney ticket is planning to take away their mortgage tax deduction?! That's the only part of the tax code that they understand - you buy a house because you get to deduct the mortgage on your taxes.
Fatal, fatal, fatal.
ellenfl
(8,660 posts)i bet many other americans are in the same boat. imo, that benefit is a myth for many.
ellen fl
yardwork
(69,236 posts)ellenfl
(8,660 posts)as a real estate paralegal, i'm not seeing a lot of those in today's market. the decline in real estate values affects this as well.
ellen fl
jeff47
(26,549 posts)is gonna do good thing for real estate values?
jeff47
(26,549 posts)That deduction gives many homebuyers money back, especially just after the purchase when mortgage payments are almost all interest. About 40 million people take the deduction, so it's not an insignificant number of income tax payers.
It's estimated* that this cash back effectively makes houses 12-15% cheaper. So eliminating the deduction, despite not effecting you, would raise home prices by 12-15%, and do so in a way that current homeowners can't benefit.
That's not going to be good for real estate.
*Estimate is by the National Association of Realtors, so they are not exactly unbiased. But I have not found any other estimates.
vankuria
(964 posts)and for many homeowners I know. The mortgage interest tax deduction is a big deal, so you can't speak for everyone.
ellenfl
(8,660 posts)disappointed that when i finally could deduct, the amount was not enough. it also meant that my insurance premiums were from taxed income. i know i shouldn't complain that i didn't have costs enough to itemize and so get a break in my taxes, but i don't think i'm the only taxpayer who actually pays the tax rate and not a lower effective rate.
oh well, i guess i can save money not having to buy turbotax anymore.
ellen fl
Chemisse
(31,316 posts)and people would still take it because it is more than when itemizing.
So this will hurt us all.
golfguru
(4,987 posts)Over the years, I have greatly appreciated the standard deduction increasing
each year indexed in some way to inflation. Also, many deductions are no longer
allowed such as interest on a car loan. So, unless you have a high mortgage amount
and a high tax bracket, most people are better off with the standard deduction and
a lower tax rate.
Make a note that the mortgage deduction is only as good as your tax bracket.
The mortgage interest on a $200,000 mortgage at today's rates is about $8000 per year.
In a 15% bracket (most people), that is $1200 savings in taxes.
The standard deduction even at 15% tax bracket is worth more, for most people.
ellenfl
(8,660 posts)golfguru
(4,987 posts)all make enough $$$ to be in 15% or higher bracket.
ellenfl
(8,660 posts)jeff47
(26,549 posts)Think newer suburb, where the houses are bigger than the 1960's-era suburbs.
golfguru
(4,987 posts)Rule of thumb is that you should not spend more than 1/4 of your income on house payments. That gives us $14,000 for principle + interest + tax.
Interest + tax are itemized deductible items. At beginning of mortgage period,
most money goes to interest and near end of mortgage period most money goes
towards principle which is NOT tax deductible.
Hence even at start of mortgage period, your tax savings will be $2100 due to
mortgage deduction, for median American family. Compare that to standard deduction
of $11.900. It is a no brainer that standard deduction is the winner.
jeff47
(26,549 posts)Thus, median income is the wrong stat to use. You need to use median for home buyers.
About 40 million income tax payers take the mortgage interest deduction.
jmowreader
(53,064 posts)However! The Path to Recession calls for eliminating taxes on corporate profits earned overseas (translation: no more good jobs in the US because they'll ALL be outsourced), reducing corporate tax from 35 percent to 25, and eliminating the alternative minimum tax.
jeff47
(26,549 posts)Kalidurga
(14,177 posts)I have been rooting for him for a long time. Never in my wildest dreams did I think it was going to happen. If I had to hand pick a running mate for Romney this is the one I would have picked. Who else in the GOP is just as heartless as Romney. Not even Palin who never met a dollar she didn't like is as heartless. I think Romney has just enough rope now.
NYC Liberal
(20,453 posts)Totally agree...we should be REALLY worried now.
fishwax
(29,346 posts)Last edited Sat Aug 11, 2012, 10:42 AM - Edit history (1)
I guess the thinking is that it will make the base happy, but while a few wingers who don't like Romney might now show up to vote, that will be vastly outweighed by the undecideds and older voters he drives away.
I agree with you. Colossal mistake. (Thanks, Mitt
)
grantcart
(53,061 posts)neverforget
(9,512 posts)Delphinus
(12,502 posts)absolutely correct! Thank you for stating what is in my heart.
Panasonic
(2,921 posts)since Ryan's a bagger....
So he's picking one of their own to try to control the freaks...
Here's Ryan's job from now on - dogshit picker, and he doesn't get to use a plastic bag. Or gloves.
Warpy
(114,547 posts)They don't honestly care how much the people of this country who are paying attention despise the overgrown punk, he's their boy and they want him in the top spot and think everything will be in place in 2016: Citizens United plus whatever devilment the USSC and state GOP do to make sure only white male Republicans can vote.
Aerows
(39,961 posts)I can't imagine how anyone could see Paul Ryan as a bad pick for Democrats.
Rock on. I love it.
Rowdyboy
(22,057 posts)Rmoney\Ryan is about as good as it gets for our side-it effectively ties Romney at the hip to House Republicans-not just Ryan's insane budget but he represents House Republicans. What a gift....
Grammy23
(6,112 posts)And that Budget of his is the big, bright bow on top! There will be so many opportunities to explain to the voters exactly what Mittens and Ryan have in mind for them for the next 4 (possibly 8) years. And it's not pretty for anyone who is not rich. It ought to be a cake walk for Obama. Unless.....
My biggest concern....that the Republican voters' hatred of Obama is stronger than their dislike of Romney and Ryan (or whoever he chooses.) With fingers firmly pressing their nostrils together, they will vote for Romney anyhow. I think they believe that none of what they are hearing will come to pass with Romney, even though he has promised to do a bunch of things on "Day One". And the Romney team is going to pull out all the stops to make sure their people show up to vote.
And then there is the voter suppression of likely Democratic voters.....What should be a sure thing, a landslide for Obama could be stolen again. This is what makes me nervous and very angry. Is anyone else confident in our electoral system any more???
Avalux
(35,015 posts)We know that's what they want. Everyone will be in a tizzy about Ryan that the tax issue will fall by the wayside. Can't let that happen.
Caretha
(2,737 posts)Harry Reid has been playing this political keep it in the news move brilliantly. Everyone has been speculating for a couple weeks now who Harry's source is on MitWitt's inside tax info. I suspect that at just the right moment the "inside man's" identity will be revealed, and it will start a new round of "Show us your tax returns.
Cognitive_Resonance
(1,564 posts)UnrepentantLiberal
(11,700 posts)After the Andrea Saul fiasco he really had no choice.
Boy is EarlG going to be happy when he wakes up tomorrow.
Tx4obama
(36,974 posts)UnrepentantLiberal
(11,700 posts)Raine
(31,154 posts)Lone_Star_Dem
(28,158 posts)They couldn't afford that down ticket, so they're tossing the presidency to the wind to get the Baggers in to vote for the others.
I. Cannot. Believe. This.
SunSeeker
(58,146 posts)
Kablooie
(19,092 posts)Cognitive_Resonance
(1,564 posts)down-ticket races. This is not a winning move for Romney. Portman was his best shot if he wanted to stay competitive.
Bjorn Against
(12,041 posts)The Ryan budget is very unpopular and nearly every Republican voted for it, the selection of Paul Ryan as VP will make the Ryan budget vote a top issue in every Congressional district in the nation. I am sure the DCCC is having a huge party today because they know every one of their candidates has just been given an electoral gift.
thecascadian
(6 posts)I thought Mormons weren't allowed to get high... Whoops!
I'm crossing my finger in hope this means choosing god-awful running mates
has become a Republican tradition. Romney would have been better off with
Mr. Burns as his veep. He would have to call Cheney out of retirement to
make a worse choice. Keep up the good work Mittens, you're on track
to make your 2012 GOP defeat even more embarrassing than McCain's in 2008.
renate
(13,776 posts)Fozzledick
(3,918 posts)But it sure makes him an easy target!
synapticwave
(52 posts)to shut the tea party up. Pick their guy, watch him go down in epic flames and then tell the tea party and ultra conservatives to STFU and get in line for the mid-terms and 2016 race. I highly doubt it is part of their strategy, but it may have that side affect anyway.
D23MIURG23
(3,138 posts)TicketyBoo
(2,004 posts)because I really FEAR that ticket if they were actually to end up elected.
libodem
(19,288 posts)Article tells it all. Has that hit good reads?
Guy Montag
(126 posts)This makes mcLame's choice of the half gov. look positively brilliant.
DallasNE
(7,994 posts)That showed Obama with 17% support from those who identified themselves as Tea Party supporters and the WSJ editorial that endorsed Ryan as the VP pick sort of tied Romney's hand when it came to picking the VP. This also takes away some of the steam of Ron Paul supporters at the convention. The challenge will be for Ryan not to show Romney up.
PeaceNikki
(27,985 posts)Preparation for this.
Qutzupalotl
(15,775 posts)against Obama. Not likely. More likely they'll doom each other.
But he's so dreamy!
Firebrand Gary
(5,044 posts)still_one
(98,883 posts)there should be no doubt in anyones mind that this choice should leave no doubt in any independents mind that romney is no moderate
caseymoz
(5,763 posts). . . not all of them good. However, is it also possible that Romney might end Paul Ryan's career, too?
The bad possibility is this: that the base does rally around the duo and Ryan brings the Randite loonies out on election day, while gerrymandering, voter suppression, and vote hacking do the rest for the GOP, with the Supreme Court there to install Romney if all else fails.
We'll still likely win, but the consequences of losing this one are now even more enormous than ever.
Cali_Democrat
(30,439 posts)I'm still scratching my head over this one. It's a HUGE mistake by Romney.
This will be a landslide election.
Poll_Blind
(23,864 posts)We might even gain some seats in the goddamned House with a ticket that completely fucked up.
That's gonna be about as popular as running Hermann Göring and Idi Amin.
PB
tavalon
(27,985 posts)I never knew he cared about us so much. It is the perfect gift, isn't it?
rad51
(89 posts)I can't wait to see the polls in 2 weeks!
cali
(114,904 posts)As Romney had already endorsed the Ryan budget, dems are already free to dig tidbits out of it and use it against romney, and as people so often note, the number 2 on a ticket, historically hasn't made much difference. Still, I think it's a pick that shows romney is increasingly desperate. I also think having 2 unlikeable assholes on a ticket makes things worse for romney.
NYC Liberal
(20,453 posts)The last thing he needed was someone who hurt him or someone who did nothing. Ryan, at best, does nothing.
sendero
(28,552 posts). has over these sorts of decisions. It's like they are throwing the game. Like they have decided Romney cannot win this year so they are preparing for 2016.
That's what it looks like to me anyway.
DearAbby
(12,461 posts)Tea party has more power within the GOP than we realized. The Bush Presidency caused a shift of power. The moderates of the party have some real serious thinking to do...save the country..or vote party and take us all down. Are you Patriots, or party loyalists?
randome
(34,845 posts)The TP is like an infection within the GOP. They are delusional with fever if they think they can win with Romney/Ryan.
madokie
(51,076 posts)adds some comic relief to this election season
nichomachus
(12,754 posts)And that's going to be a problem. Also, unlike Mitt, he's very quick on his feet.
cali
(114,904 posts)thinking he is either of those things is a mistake.
madokie
(51,076 posts)he's stupid and dumb as a stump to boot
Sometimes you make me laugh and this is one of those times
gulliver
(13,899 posts)He's like a younger, dumber Newt Gingrich before Newt had a chance to discover his inner existential demons. Ryan thinks we are living in an Ayn Rand novel. He is a simpleton, but smarter than his fans. Like a David Koresh, just a tad higher up the bell curve, but not by much.
Bluenorthwest
(45,319 posts)no need to add a thing
nichomachus
(12,754 posts)Ryan has never had a real job. His whole career is in politics. Aren't these the people the Teabaggers want to throw out?
Mitt has never had a real job either.
yardwork
(69,236 posts)It's the only thing that makes sense.
DCBob
(24,689 posts)Its not a game changer for sure. He doesnt really appeal to anyone outside of the Norquist/teabagger/budget and tax nerd types. Short term minor bump at best and long term a negative.
Odin2005
(53,521 posts)Ruby the Liberal
(26,623 posts)Let the debate begin.
IDemo
(16,926 posts)Except the Randites would likely believe it was intended as a compliment.
Ruby the Liberal
(26,623 posts)pampango
(24,692 posts)he can track to the center after the conventions without losing the base that has never been thrilled with him.
If he continues to pander to the teabagger/libertarian wing of the party all fall, I think he is toast. But if he starts talking like a moderate (with a wink to the far-right - "I gave you Ryan. Just get me elected and watch the 'fun') he might have a chance. That strategy would rely on two traditions: 1) most voters don't vote for a ticket based on the VP (while hoping that baggers and libertarians will do just that) and 2) many voters don't start paying attention until after Labor Day, so that won't know or care what mitt has said during the primary campaign.
I think Ryan is a bad pick but I don't see that he had a good one. I doubt that baggers will really be able to hold their collective breaths for 3 months. Mitt may think he has some kind of deal with them with the Ryan pick but it will be interesting to see how long the far-right can stick with any 'deal'.
HooptieWagon
(17,064 posts)If Rmoney had any RW appeal at all, he could afford to tack to the middle and select a moderate for VP. That he had to pick an extremist RWer for VP shows the campaign is desparate to fire up an unenthusiastic base, and they have no intention of even trying to appeal to moderates and swing voters. Rmoney's strategy is right out in the open... a media barrage of attack ads, slander, and lies; and voter suppression.
hifiguy
(33,688 posts)as we type. They are going to pound this silly fucker into the ground like a tent peg. The Zombie Eyed Granny Starver is the last nail in the Mittwit's political coffin.
yurbud
(39,405 posts)and contrast it with some of the Bible parable like the Good Samaritan and some of the social justice commandments of Jesus.
Skraxx
(3,178 posts)And he was absolutely corralled into it by a superlative Obama campaign.
He HAD to please his base.
This pick guarantees that the election WILL be about the issues that matter.
Well played Mr. President.
4 t 4
(2,407 posts)Obama will win the next 4 years No question hands down and then you will see a republican in the white house. Do you really think for one single second that these two clowns are taken seriously by Anyone- anyone even Fox News. This is a complete set up .