Tag Archives: corportatist

The Tragicomedy of Paul Ryan

It’s not as if this is the guy that Mitt Romney would have ideally wanted to pick in his perfect campaign. But being compared to a still unpopular Bush administration was not something that Romney, or any Republican, could avoid (though one, you would think, they may have anticipated). Many of the Romney campaign’s moves seemed less calculated than they did desperate. The awkward posturing, self-inflicted wounds, easily avoidable controversies and smug demeanor were all part of his disconnected and (tax) sheltered reality, to be sure, but a healthy dose of media portrayal and recent memory made the Republican’s hill a  very steep one, indeed.

And Paul Ryan was a risky move, while described as a young hot shot intellectual of the right, his reminiscences of Ayn Rand, austerity, entitlement cutting, and hatred of our traditional social safety net ran the risk of alienating 50+ voters and certainly any remaining Republican moderates. Ah, but those businessmen love risks.

Some called it a safe bet, as the campaign and party shifted to energize their base with an inoffensive white male.

Romney’s capitulation to the Republican Party’s conservative, plutocratic base is now complete. It will be Ryan’s ideas that Romney will be under enormous pressure to pursue and implement as president, and his brand of conservatism that Romney is expected to emulate.

John McCain went on to describe the pick as “bold”, though he probably wasn’t the best to take VP advice from. While less radical than Sarah Palin (or at least, radical in other, less obvious, ways), it seemed to be a repeat of 2008. A relative party moderate feints to the right to pick up those far-right votes, hoping to rebrand after the convention and nearer the debates as a centrist-populist. But Paul Ryan had even more going for him than the confounding Palin; he was already a favorite of the right-wing, and he would go on to fire up the rallies.

That weekend:

Opening rallies were packed, Romney now has even more money, media attention, and a change of tone. Romney gains the full Koch election infrastructure, and Ryan’s base-motivation of The Conservative tribe ( group loyalty and identification is more important among conservatives than not among liberals).

Would the choice resonate? This could be a make-or-break opportunity for the rising star. Ryan was one of the favorites long before the decision, as a concerted pressure campaign by prominent conservatives and grass-roots activists specifically wanted him on the ticket. It’s possible, though anything is in that nasty business, that he’ll emerge a top-tier contender for the 2016 nomination.

He had certainly shined in the House, which dominated the GOP’s thinking as much as the GOP dominates the House. Their screaming, obstructionism, hypocrisy, dogma and pork threatened anything resembling progressive action from the Democrats, and Ryan’s proposed budget in particular bore the standards of “Republican othodoxy” going at least as far back as Reagan.

In true Randian fashion, Ryan’s budget…

 …phases out the Earned Income Tax Credit that keeps millions of American families above the poverty line and cuts funding for children’s healthcare in half. The Children’s Health Insurance Program would be abolished, and millions of working-age Americans would lose health insurance. Senior citizens would anguish over whether to pay their rent or their medical bills, in a way they haven’t since the 1960s. Government would be so starved of resources that, by 2050, it wouldn’t have enough money for core functions like food inspections and highway maintenance.

It was described by economists as the least serious budget plan, which doesn’t bring the budget into balance for decades.

Note: Reagan-era Republicans were more in favor of the social safety net, before decades of racial and class division were sown from the top. Pew Research Center, in 1987, found that 62 percent of Republicans said “the government should take care of people who cannot take care of themselves,” but that number has now dropped to just 40 percent ( PDF)

Ryan, a good little corpo-fascist, would shift social benefits previously guaranteed by the federal government away to voucherized plans. Medical care historically grows at much faster rates than the economy, meaning that the indexed vouchers would fall short of the needs and demands of seniors. The plan is to save the government money, while shifting costs back to seniors and undermine the original goals of Medicare. All the while, the medical, pharmaceutical and insurance companies reap the rewards.

From AddictingInfo.org:

The Congressional Budget Office projects that Ryan’s plan would raise seniors’ out-of-pocket expenses by $6,500 per year.

Ryan’s plan assumes an efficiently working free market, and that considerations for medical needs would be the same as other fiscal concerns; they’re not, and people who are sick and dying want a solution that works, not what’s the most low-cost. It’s a captive market, unless you’re willing to die.

Nothing in the Ryan budget tackles costs on the other side, and why would they? That isn’t in the interests of his paymasters an uninhibited and open free-market.

Starting in 2020, Social Security benefits for new retirees would be cut, the eligibility age would gradually be raised and the program would be partially privatized, a huge boon for the private sector. Payouts would “be more uncertain, despite the guarantee, because returns on stocks and corporate bonds are risky.”

Ryan had referred to Social Security as a “Ponzi scheme”. And while Social Security is not going broke (both sides often start debating having accepted this false premise), Republican strategies just haven’t worked. Voters rejected a privatization scheme when George W. Bush pushed one because it makes the system far less stable, exposing retirement savings to the volatility of the markets, and disproportionately helps the wealthy.

The Tax Policy Center (no friend of the Romney/Ryan camp), had already found that Ryan’s budget would give people that make more than $1 million a year an additional $265,000 tax cut, on average, on top of the $129,000 cut they get from the budget’s extension of the Bush tax cuts for the wealthy. Predictably, Ryan, like Romney,  could not identify a single loophole they’d close that could generate some of the revenue to make up for the revenue losses from tax cuts on the wealthy (nearly to 25 percent, by nearly 15 percent from current law). That’s over a quarter-million dollars for the top 1 percent; by half a million dollars for people earning over $1 million, and by $1.7 million for the top 0.1 percent. And by also eliminating the capital gains tax, Romney’s tax rate in one year would be just 0.82 percent under Ryan’s proposal.

Audiences have booed Ryan for the unfair distribution:

Ryan’s Blueprint was modified into Romney’s, failing to raise revenues, shifting costs to state and municipal governments (which would, no doubt, raise their own taxes to meet the increased demand, effectively laundering tax increases so Romney/Ryan wouldn’t get blamed for them).

The Economic Policy Institute estimated his plan would suck demand out of the economy and “reduce employment by 1.3 million jobs in fiscal 2013 and 2.8 million jobs in fiscal 2014, relative to current budget policies.”

According to analysis from the Center for Budget and Policy Priorities, 62 percent of Ryan’s cuts come from food stamps, Medicaid and a handful of other programs aimed at helping the most vulnerable in society.  a significant portion of the rest of his cuts come from education, both K-12 and higher ed. would also slash funding for Pell Grants, and There are other cutsas well to higher education and financial aid.

And without military cuts (spurned by both Romney and Ryan), equivalent cuts would have to be made to transportation, science, education, environmental protection, and domestic efforts.

The toxicity of the Ryan budget has been tested (on a small-scale, granted) before, and the results weren’t good.

Paul Ryan’s austerity seemed aimed at the middle and lower classes, his plan would end the Earned Income Tax Credit, once expanded by Reagan, which millions of parents count on. His policies, like many neoconservatives, would send us sliding back into a Recession or Depression just as in 1937-’38, and how the beloved Reagan administration cut the unemployment rate almost in half.

But Paul Ryan, pawn of the moneyed Koch Brothers’ political enterprise (GOP™), extremist, and poser, had attended biannual conservative strategy sessions with big donors. His special events with the Koch-backed Americans for Prosperity and the Wall Street-backed Club for Growth, among other groups, made him a savory VP pick for the “outsider” Romney.

His toxic stances and outright lies would go on to hurt his image, in the short electoral if not long term. Lying about his requests of stimulus money, requests for earmarks at the same time that he insisted he was against earmarks, all the while steering money to campaign donors.

The Huffington Post reported:

“…in at least two instances involving the Department of Transportation, Ryan has pushed the interests of companies whose members have given him campaign donations.” PPG Industries, which contributed almost $7,000 to his campaign, and the National Auto Dealers Association, which had given him $68,500.

Paul Ryan had voted for TARP, the Wall Street bailout. He got out the Republican vote for TARP as well. But it was unregulated money Paul Ryan imagines flowing into the financial sector’s coffers, Ryan voted against the Dodd-Frank Wall Street Reform and Consumer Protection Act, the major financial regulatory response to the crisis. (It might be worth noting that Public Citizen did an analysis that found that House members who voted for TARP and against Dodd-Frank, a club Paul Ryan belongs to and consists mostly of Republicans, received three times as much campaign money from the financial industry as those that voted the opposite; in 2010, with a haul of at least $531,500 for the year).

Ryan voted to scrap the Consumer Financial Protection Agency and replace it with a plan proposed by the Chamber of Commerce, those fair and unbiased privateers. But he hasn’t offered anything specific on derivatives, consumer financial protection, insurance, securitization, ratings agencies, and the shadow-banking industry more broadly.

An immediate scandal broke by the Richmonder blog:

Paul Ryan had lined his pockets from information he had obtained from a now-legendary meeting that took place on September 18, 2008. On that day, Fed Chairman Ben Bernanke and then-Treasury Secretary Hank Paulson broke the news to congressional leaders that they would have to approve a bailout to avert a complete meltdown of the financial system.  Ryan had sold the stocks of several major banks that day, while purchasing – surprise! – stock in Paulson’s old firm Goldman Sachs.

Money and politics expert Thomas Ferguson, who has written extensively on the bailout, explained, “Ryan did own some index-based securities, but they stand out in the summaries. They are different from the many trades Ryan was making in individual stocks. It is perfectly obvious that he sold shares in Wachovia, Citigroup and J. P. Morgan on September 18 and he bought shares in Paulson’s old firm, Goldman Sachs, on the same day. If these were index trades, what’s on the form is nonsense.”

And wasn’t this delightfully Republican: Paul Ryan and his wife own shares in oil and gas companies that benefit from tax breaks for Big Oil, and Ryan supports $40 billion in subsides for big oil. In fact, his behavior was not atypical of his fellow legislators. According to AlterNet:

…in-depth research undertaken in 2004 considered to be the baseline work in the field revealed that from 1993-1998, US senators were beating the market by 12 percentage points a year on average. Corporate insiders only beat the market by a measly 5 percent. Typical households, in contrast, underperformed by 1.4 percent.

And though the story was quickly swept under the rug in the news cycle, all of this combined to taint the frame of Paul Ryan, the conservative mathermatical wizzerd. But he wasn’t a sorcelator, he was just another acolyte. Doing “math as a Republican to make himself feel better.” A true believer’s true believer, a Koch Republican, an economic anti-populist of the highest order. An anti-tax, anti-spending purist worshiping at the altar of Ayn Rand and whatever Christ condones rampant greed.

ThinkProgress explain that the philosophy Ayn Rand laid out in her novels and essays was, “a frightful concoction of hyper-egotism, power-worship and anarcho-capitalism. She opposed all forms of welfare, unemployment insurance, support for the poor and middle-class, regulation of industry and government provision for roads or other infrastructure. She also insisted that law enforcement, defense and the courts were the only appropriate arenas for government, and that all taxation should be purely voluntary. Her view of economics starkly divided the world into a contest between ‘moochers’ and ‘producers,’ with the small group making up the latter generally composed of the spectacularly wealthy, the successful, and the titans of industry.”

Her psychopathy would go on to inspire Milton Friedman, Ronald Reagan, Glenn Beck, and devotee Alan Greenspan.

Ryan tried to disavow Rand’s philosophy to Catholics and moderates, but he had already been recently caught on record proselytizing that Rand “makes the best case for the morality of democratic capitalism.” On another occasion, he said, “The reason I got involved in public service, by and large, if I had to credit one thinker, one person, it would be Ayn Rand…. I try to make my interns read it.” And even if he did distance himself from her Virtues of Selfishness, it served to brand him as a flip flopper. A source of great struggle for the inveterate poseur.

He was long ago hewn to the party’s socially radical far-right, having supported a federal ban on abortion even in the case of rape and incest, and in 1999, voted to ban gay couples from adopting children in the District of Columbia.

Ryan co-sponsored legislation to declare that “each human life begins with fertilization,” Ryan has also voted against letting U.S. troops and their families get abortions at military health centers abroad, and to rescind abortion coverage under the federal employee health plan.

He consistently voted against funding women’s health programs, would defund Planned Parenthood and rescind all dollars for family planning grants under Title X (which already cannot be used for abortion).

He voted in 2004 and 2006 for a constitutional amendment banning same-sex marriage. He also voted against repealing “don’t ask, don’t tell” as well as hate-crime legislation.

Ryan appeared to agree with Todd Akin about rape, pregnancy and abortion.

True to form, Paul Ryan towed the party line against the President based on pure spite, malevolence and revenge tactics. Ryan attacked Prsident Obama’s stimulus program, but in 2002 supported President George W. Bush’s proposed stimulus spending “to create jobs and help the unemployed,”

During the campaign, Paul Ryan would go on to slam President Obama for adopting Medicare cuts that, until a week before his speech at his alma mater Miami University in Ohio, were openly supported by Ryan himself. He then claimed he actually opposed the cuts before he embraced them (a disastrously Kerry-esque flip-flop). Support for the Romney’s pledge to reverse the cuts would have further complicated the math for both candidates’ repeated vows to rapidly close the deficit. Ryan has consistently opposed measures to crack down on China’s currency manipulation practices, but accused the President of the same. He would go on to lie about Obamacare, even the parts that Romney/Ryan supported. Most erringly, Ryan slammed the President for the closure of an auto plant that closed in late 2008 under George W. Bush. His ‘Oops’ moment may have cost him big.

People began to see him as a shameless opportunist, even hawkishly claiming his sole foreign policy success was that he had ‘voted to send men to war’. For though his family had made its fortune in government contracts for public works, the young Paul Ryan has made his career out of railing against ‘The Public.’

Polls very quickly began to find that a larger swath of Americans were unsettled by Rep. Ryan, or his Medicare plan.  Americans opposed it by a margin of 49 to 34 percent. That’s the same margin as independent voters. Nearly half of Americans said Ryan was a “fair” or “poor” choice for V.P., while just 28 percent said he was an “excellent” or “good” pick.

Criticisms abounded from both left and right almost immediately. He was a “conservative policy scammer” according to economist Paul Krugman.

Republican strategists are privately fretting about the choice. “There are a lot of races that are close to the line we’re not going to win now because they’re going to battle out who’s going to kill grandma first … It could put the Senate out of reach. In the House it puts a bunch of races in play that would have otherwise been safe,” one unnamed Republican strategist told the Hill. “Very not helpful down ballot — very,” an unnamed strategist told Politico.  “This is the day the music died,” another unnamed operative, who is working for a 2012 candidate, added. Yet another told Politico, “The good news is that this ticket now has a vision. The bad news is that vision is basically just a chart of numbers used to justify policies that are extremely unpopular.”

Even Newt Gingrich famously said: “I don’t think right-wing social engineering is any more desirable than left-wing social engineering. I don’t think imposing radical change from the right or the left is a very good way for a free society to operate.”

Politico summed up their findings:

“In more than three dozen interviews with Republican strategists and campaign operatives — old hands and rising next-generation conservatives alike — the most common reactions to Ryan ranged from gnawing apprehension to hair-on-fire anger that Romney has practically ceded the election.”

Gary Johnson, the Libertarian Party candidate had some choice words:

“He voted for the Patriot Act, he voted for the National Defense Appropriation Act, he voted to ban online poker, he’s proposing a budget that gets balanced in thirty years. He is anything but a libertarian, anything but.”

“Somewhere in hell, Ayn Rand is cackling with glee,” Democratic strategist Paul Begala wrote.

Faith in Public Life, a strategy center for religious groups, opposed Ryan’s budget and Catholic groups claimed the militantly atheist Rand led Ryan to abandon his own faith with a budget that hurts the needy. Ryan was personally harassed by a Catholic protestor last year asking him to denounce Rand’s views and embrace the Bible.

USA Today-Gallup poll showed “Americans rating [Ryan’s] selection more unfavorably than any pick since at least 2000.” Forty-six percent of poll respondents in 2008 rated their initial reaction to Palin “excellent or pretty good.” For Ryan, the number is just 39 percent.

Disastrous news for a floundering party and campaign that picked the Wiz Kid, the Wonk, the Boy Wonder to improve polls. Instead, only 48 percent of voters polled by Gallup described him as “qualified” to be president, besting only Dan Quayle and Sarah Palin.

The powerful swing state voters who ultimately decided the election didn’t need more reasons to reject the Romney train, but Ryan was just that. Unmarried women shifted 10 points toward Obama, along with the Rising American Electorate (net 3-point shift), and independents (net 9-point shift). Even conservatives were swayed, shifting a net 13 points toward Obama.

And though he certainly did help fundraising, it seemed in the end that fundraising was a wash. The country was largely purple, with the populous cities (and thus electoral votes) a deep blue. Paul Ryan may have “brought vision” to the Romney team, but his clear vision was encrusted with cataracts, blinding him and his cohorts to the needs of real Americans. He would go on to do his best fumbling through the many fallacies of Republican dogma, balancing Randian and fundamentalist Christian philosophy, reconciling both corporate and populist messages, and navigating the hazardous differences of his own and Mitt Romney’s obscured policy vision.

The ticket became what they ultimately wanted, a base-energized ‘clear choice’ to Obama, whom they wanted to vote out “above all else.” Americans recognized this clear choice between visions, and chose accordingly. It can be presented no differently now, it should be spun as nothing less than the gold they thought it was mere weeks ago.

But by a long shot, we haven’t seen nor heard the last of extremists like Paul Ryan. Not only was he re-elected handily despite being a no-show in his Wisconsin seat race, there is now an empty field of view to 2016, and somebody ‘immensely proud‘ of his vice-presidential bid could claim some serious chops. Would it be disastrous or calculated? Much of that may depend on how the next four years go, how obstructionist the Republicans may continue to be (or how successful such attempts may be), how much he may appear to be a ‘loser’ after four years, and if or how the GOP retools away from the dangerous scam they have running on the American people. A scam with Paul Ryan’s smiling punim and Mitt Romney’s off-putting grin. A scam the American people recognized and all-too-willingly rejected.