Over the weekend Mitt Romney announced U.S. Rep. Paul Ryan of Wisconsin as his 2012 running mate for the White House. This was a bold move that energized both conservatives and their opponents. Despite being only 42 years old, Ryan is a veteran in the political arena and a rising GOP star and party leader on fiscal and budget issues. He said he is overwhelmed by the positive reaction to the announcement that he will be Romney’s 2012 running mate.
“I was amazed at the energy, the crowd, people who just want to see us take the country in a different direction,” Ryan said. “It’s very exciting. We’re going to win this campaign. We’ve got the wind behind us. I’m really excited about this race.”
Ryan has taken major heat from both Democrats and Republicans on his proposals for spending cuts to entitlement programs, including Social Security and Medicare. But the Romney campaign wagered that voters will be frustrated enough with the growing debt and deficit come November and in turn favor getting our fiscal house in order verses more deficit government spending.
“I think Republicans wanted to have a debate on big issues and by picking Ryan that’s what they got,” says David Woodard, a political science professor at Clemson University and former Republican political consultant.
The Ryan VP pick also led to a huge spike of internet activity for the Romney camp. As expected, once the news broke early Saturday morning, Twitter erupted with an astounding 865 tweets per minute around 1:10 a.m. EST, according to the official@gov Twitter account. As the morning continued, tweets peaked as Mitt Romney officially announced Paul Ryan as his running mate around 9:29 a.m. EST, at a rate of 3,749 tweets per minute.According to Topsy’s Twitter analytics, Paul Ryan was mentioned over 45,000 times after the announcement was made at 9:45 a.m. EST. These numbers are impressive for any public figure looking to garner attention on one of the web’s most popular outlets for information.
What about the stock market? Are the markets telling us something about the November elections? The market logged 6 straight winning days and closed at itshighest level since May on Friday. Many suggest that the stock market is acting as a leading indicator and factoring in a Romney win in November despite polls showing a slight lead in favor of President Obama.
“Many investors I have spoken with believe that if the S&P 500 should rise between July 31 and Oct. 31, it would signal an impending Romney victory,” said Sam Stovall, chief equity strategist at S&P.
No president since FDR has ever been reelected with an 8% plus unemployment rate. Newly appointed VP pick, Paul Ryan, was right on track when he said that this is the “weakest recovery since the 1930s.” Romney’s choice in Paul Ryan shows America that he is serious about fixing our fiscal issues and is willing to make the tough cuts necessary to ensure we get back on a sustainable path of government spending. The value of Romney stock just went up, and Paul Ryan now has a platform to effectively articulate to America that “personal responsibility” and “fiscal conservative principles” are alive, working, and here to stay.
This article was written by David Nicholas and originally posted on RightChange.com