Wisconsin Congressman Paul Ryan is the picl. Is this a game changer? Will Mitt Romney gain some energy from this point forward?
Ryan is a 42 year old seven term congressman who once worked for Kansan Gov. Sam Brownback in the Senate. He is a big idea guy who wants to cut taxes, downsize Medicare and other government health programs. He also wants social security reform.
The pros say the attack on President Barack Obama – that he’s not getting it done with the economy – is not working. This will be a new direction with Ryan – a how to fix the problems line of attack. Can it work? Well it gives Mitt a shot a winning Wisconsin anyway if that helps.
Still its the same old, same old.
Democrats say the Republicans want to take away people’s social security and medicare or downsize them further. This scares the crap out of older voters. So it may not be the best way to go at a time when people leaving the work force are getting ZERO interest on their CD’s and have nowhere safe to go to find an extra buck. If they think you’re going to up their medical bills and cut their social security, well, that’s unlikely to excite that group of voters.
Open up credit lines, have banks make obtaining credit and getting loans easier than the current “we’ll give you money as long as you don’t need it” program.
We also need to have higher interest rates so Americans who have worked their entire lives to save money will be able to get some decent income off their CD’s and savings accounts to pay for their expenses as seniors.
Right now that’s gone.
If we loosen the credit up, housing will start to become decent again. But if your credit is not A +, buying a home is pretty tough right now.
And there’s a happy medium to this credit situation.
Ten years ago it was too loose, now it’s all but closed down. That’s the main reason nothing much works = people have no credit to speak of like they once did. They can’t borrow on their home equity for the most part and banks don’t want to loan money out with interest rates at near zero. If somebody can split the difference from what was and what is….bingo…the economy jumps up again.
Until that happens it looks like a slow boat to China for the average guy. No credit, no spending, slow economy. It’s simple really.
So will Paul Ryan move the chains for Mitt? Is he exciting?
Well just two months and a few days away from the next election that seems doubtful, but anything can happen.