Sunday, August 12, 2012

Romney chooses to double down on Republican ideology

Let's be honest, does anybody vote for the Vice President? If the race were simply Mr. Biden versus Mr. Ryan, the outcome may be completely different. I read (Ezra Klein) today, stating that the VP pick could  swing the vote 2% in his home state. Indeed, the selection of Rep. Paul Ryan (R-WI) has sparked a debate among political analysts and talk shows. One thing is for sure, Mr. Romney made a clear indication of the ideology he will pursue if he were to win the White House. By choosing Mr. Ryan as his VP, Mr. Romney may be leaving money on the table in a place that he may need it most.

I will certainly give Mr. Romney credit if his strategy works--leaning toward the Republican base and emphasizing economy, austerity, budget, and tax cuts. Just an FYI, it is theoretically impossible to balance the budget by simply cutting taxes (assuming constant economic growth). Tax cuts can also be viewed as a government expenditure - in the sense that less revenue is being collected, which in turn implies significant cuts across government agencies and procurement programs. It is safe to say Republicans often count President Obama's tax cuts as government expenditures when citing statistics. The truth is the president has upped the ante on President Bush's tax policies, extending the Bush tax cuts with the addition of his own policies.

Kathleen Parker summed it up in the Washington Post with the 'BWG' demographic.  That is, Mr. Romney has doubled down on the conservative white coalition and failed to extend his base past the traditional 'Boring White Guy.'  This may improve his chances in Ohio, which is 84% white (irrespective of ethnicity status).  Florida and Virginia may be more elusive, at 79% and 71% white, respectively.

If you break down the white vote by ethnicity, the story shows a more diverse demographic. Ohio is 81% White non-Hispanic (WNH), Florida is 58%, while Virginia is 65% WNH.  It is safe to say that Mr. Ryan will not poll well among non-white voters. Mr. Ryan is also known for his radical movement on privatization - Medicare and Social Security, something Mr. Obama will certainly emphasize in Florida.

The truth will prove to be translucent in Washington, as it always has. Mr. Obama's campaign for change has come up very short on his promise of a stark contrast to Mr. Bush. The selection of Mr. Ryan will be challenged to sway on the fence seniors, Hispanic voters and minority groups. The choice also doubles down on the traditional Republican ideology.  As the country becomes more diverse over time, this may be the last time either party doubles down on the BWG vote.  If Mr. Romney wins, he can thank the economic misery of the Eurozone and low voter turnout.  Moreover, he may disappoint die hard budget hawks and tea partiers, given that change inside the Beltway is aiken to continental drift.


http://www.washingtonpost.com/blogs/ezra-klein/wp/2012/08/11/paul-ryan-isnt-a-deficit-hawk-hes-a-conservative-reformer/
http://www.washingtonpost.com/blogs/ezra-klein/wp/2012/08/11/paul-ryan-will-be-mitt-romneys-vice-presidential-pick-heres-seven-thoughts-on-what-that-means/
http://www.washingtonpost.com/opinions/kathleen-parker-a-boring-running-mate-could-be-good-for-romney/2012/08/10/5e6dcfc2-e31c-11e1-a25e-15067bb31849_story.html
http://quickfacts.census.gov/qfd/states/39000.html 

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