Posted on 08/13/2012 9:38:43 AM PDT by facedown
Republican candidate Mitt Romney made a bold choice in picking Rep. Paul Ryan (R-WI) to be his VP candidate.
According to the New York Times, based on his Congressional voting record, Ryan is one of the most extreme VP candidates in the past century, on either side of the aisle. The standard political strategy is for the VP candidate to be closer to the center, but the Romney campaign is betting that energizing the right-wing "base" of the party will help the ticket win in November.
Bold choices are also risky choices, however, and Romney-Ryan's views on how the country should deal with its budget deficit may alienate many Americans, especially those in the middle class.
(Excerpt) Read more at finance.yahoo.com ...
Cuts of a few percent here and there will not “hammer” the middle class. What will really hammer the middle class is a financial collapse of the US economy on the order of what Greece is experiencing, which is precisely what will happen if we refuse to make any reforms to our giant entitlement programs.
Only if they're stupid.
Why "change" a good thing?
After all, when 0bama gets his ass handed to him in November we ALL will miss this Utopia that 0bama has created for us all that won't be paid off for 100's of years.
As “if” 2 Million fewer Jobs, and 8.3% unemployment, skyrocketing energy cost, and 3 Trillion/year in new debt (resolved by printed money, and borrowing $.40 for every dollar), is NOT hammering the middle class?
Yet he hosts a show on CNBC.
In 2002, then New York State Attorney General Eliot Spitzer, published Merrill Lynch e-mails in which Blodget gave assessments about stocks which conflicted with what was publicly published.[4] In 2003, he was charged with civil securities fraud by the U.S. Securities and Exchange Commission.[5] He agreed to a permanent ban from the securities industry and paid a $2 million fine plus a $2 million disgorgement.
Oh, yeah.... Let's take this honest, upstanding citizen's word for it!
/s
Why DO these crooks think anyone should listen to them, anyway?
OK, let’s put the rhetoric aside and get FACTUAL.
The economic mess we are in is going to hammer EVERYBODY. There is NO solution out there that does not cut back on entitlements that cross every class. Poor, middle class, and wealthy Americans are going to get hammered if we ever expect to get out of $16T in debt and $120T in unfunded liabilities.
So, suck it up middle class: the hammering is coming no matter what.
Now the question is: do we want to clamber away back to the top by riding on capitalist principles, or do we want to truly see the end of the empire by buying into socialism?
Ryan is the best choice. God knows we need change of our compromising Republicans. Ryan will be dynamic, a mover and changer. God knows we need some enthusiasm.
GET EXCITED. BE VITAL (not a drag)
It is what it is ... let us do our very best to uplift our choices. Nay saying at this point is really stupid. MOO
Where's the evidence of this? Palin, Cheney, Kemp, Quayle. All to the right of the presidential candidate. On the Democrat, it is harder to say, but Biden is to the left, Edwards is too(two America Marxism), Lieberman of 2000 was not a moderate...certainly not on social and economic issues, Gore and Clinton were both southerners with records in center left. Bentsen not a moderate. Ferraro...who knows...but couldn't have been farther left than Mondale, I suppose. One way or another, that statement is wholly manufactured.
There are three outcomes with this much debt: inflation, default or growth. Growth is getting more difficult by the day but R/R is our best shot at growth. The alternative is to pretend like Democracts that debt doesn’t matter.
Will the people in the “middle class” end up sending in more money to the US Treasury through taxes?
Well, yes, but not for the reasons the now failing and flailing obama regime would have you believe. A reinvigorated middle class, once back to something like full employment, and working in a growing and expanding economy, will have a much bigger paycheck coming in. Even at the same tax rates, these increased cash flows result in greater revenues being collected by the US Treasury, and therefore, a little bit of the gap between outgo and receipts begins to close.
Another way the gap closes, is that now, there are fewer people on direct or indirect assistance from government disbursements, thus allowing those funds to be diverted to more relevant purposes.
There is a compound effect of high and rising prosperity, in which other more marginal workers come back into the work pool, which is made just a little more preferable to being on some kind (or several kinds) of assistance.
It could be morning in America again.
Maybe putting the “middle class” back on the road to full employment and prosperity is “hammering” them, but there has to be a redefinition of several terms here.
Blodget was caught and paid his fines as well as became a reliable publisher of a Leftist Broadsheet masquerading as a finance/trading gossip rag. Blodget is the print version of that little idiot Jim cramer.
I think the alien is the current occupant of the WH.
It was stupid for the GOP to let the left (face it, many times they jumped on board) expand government benefits to the middle class
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