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'Borrowed, Spent, and Wasted': Rock Star Ryan Hammers Obama's Record
Wisconsin Congressman Paul Ryan, Mitt Romney’s running mate, was treated as a rock star tonight at the Republican National Convention – and for good reason. His soft-spoken manner played intimately, even in an arena of 22,000. When protesters began chanting against Ryan, the crowd drowned them out with thunderous applause. Ryan brought fire to a campaign lacking in it – and he also brought credibility on serious issues.
Beware of the Saul Alinsky / Leftist "debate" tactics. Call those tactics out by number each time you see them used from now on.
His most brazen lie accused President Obama of “raiding” Medicare by taking the exact same $716 billion that Ryan and the House GOP notoriously voted to slash. It was stunning.
But that’s not all. He attacked Obama for failing to keep open a Janesville GM plant that closed under Bush in 2008.
He hit him for a credit-rating downgrade that S&P essentially blamed on GOP intransigence.
Ryan got off a few good zingers: “College grads shouldn’t have to live out their 20s in childhood bedrooms, staring up at fading Obama posters.” He didn’t mention that he opposed legislation to keep student loan rates from doubling.
The first troubling sign came with the stimulus. It was President Obama’s first and best shot at fixing the economy, at a time when he got everything he wanted under one-party rule. It cost $831 billion – the largest one-time expenditure ever by our federal government.
But that's when President Obama is pushing for the spending. When it was President George W. Bush arguing for more stimulus to boost a slow economy in the early 2000s, Ryan's economic analysis was entirely different.
"What we're trying to accomplish today with the passage of this third stimulus package is to create jobs and help the unemployed," Ryan said, in comments unearthed by MSNBC's "Up with Chris Hayes" and provided to HuffPost. "What we're trying to accomplish is to pass the kinds of legislation that when they've passed in the past have grown the economy and gotten people back to work."
RYAN: "And the biggest, coldest power play of all in Obamacare came at the expense of the elderly. ... So they just took it all away from Medicare. Seven hundred and sixteen billion dollars, funneled out of Medicare by President Obama."
THE FACTS: Ryan's claim ignores the fact that Ryan himself incorporated the same cuts into budgets he steered through the House in the past two years as chairman of its Budget Committee, using the money for deficit reduction. And the cuts do not affect Medicare recipients directly, but rather reduce payments to hospitals, health insurance plans and other service providers.
In addition, Ryan's own plan to remake Medicare would squeeze the program's spending even more than the changes Obama made, shifting future retirees into a system in which they would get a fixed payment to shop for coverage among private insurance plans. Critics charge that would expose the elderly to more out-of-pocket costs.
On the other hand, to anyone paying the slightest bit of attention to facts, Ryan’s speech was an apparent attempt to set the world record for the greatest number of blatant lies and misrepresentations slipped into a single political speech. Read more: www.foxnews.com...