The big speech by Mitt Romney’s vice-presidential running mate, 42-year-old Paul Ryan, went over well at the Republican National Convention, notably with the most conservative bloc in the Party, for berating President Obama and focusing on the economy. Ryan has staked a place in the Republicans’ ideological inner circle.
His radical proposals have made him the poster boy of a conservative elite. A young man among longer-serving members, as the Chairman of the House Budget Committee, Ryan steered the drafting and promoting of a plan dubbed ‘The Path to Prosperity’, helping convince many that Romney should be in the White House.
Among the veteran Republicans who spell this out, Newt Gingrich, former Speaker of the House and a former presidential candidate said: “The number one reason is the collapse of the economy under Obama, which is the worst economy since the Great Depression”
Ryan’s pledge is to slice government spending and lower taxes, though the authority in Congress, the Joint Economic Committee, said many households would see their taxes go up under Ryan’s plan, and only millionaires get tax breaks. Then there is also his proposal to convert Medicare into a voucher-based private system, though there is no guarantee that federal support will keep up with the rate of increase in health care costs.
Rick Perry, Governor of Texas, said: “This election is about the future of the economy in America and in turn the world, and policies that allow the private sector freedom from over-taxation, over-regulation… [These] are stifling our economy. Mitt Romney understands it. Paul Ryan understands it. They will work to get Americans back to work. If America’s economy is strong, the world’s economy is strong.”
John McCain, the senior United States Senator from Arizona, said: “Clearly, this election is going to be about jobs and the economy, and Mitt Romney has got to improve his favourability, but also needs to present a clear blueprint of getting our economy back on track.”
The Republicans say with Romney and Ryan in charge of Washington they would create 12 million American jobs over the next four years.