Yes, Ryan for Veep, But...

But, conservatives and the Tea Party may not be happy when I describe why I think he was a great choice.

Silent Cal? Really?

There was an article about Calvin Coolidge in a recent issue of National Review. See, like Mr. O, he was faced with a recession in 1921. He knew that he had to do 2 things: cut taxes, and cut fiscal spending. He acted quickly, but reducing government outlays was first on his to-do-list. Taxes had to wait. The quick recovery of the US economy proved that Cal had the right idea. He was so right, that his actions ushered in the Roaring Twenties.

It was eerie to see my beliefs about the current recession mirrored by a previous President.

What Exactly is Ryan's Plan?

Rather than rely on the talking heads, I humbly suggest that you read it for yourself. While it has some tax reforms (do not raise taxes, AMT, 10% and 25% tax rates, fix corporate taxes, loopholes), these are not really major changes and kinda seem like Supply-Side-Lite. The emphasis is much more on fiscal 'restraint'. Even here, he does not propose drastic spending cuts. Instead, he reduces the rate of federal budget increases.

Just Like His Convention Speech

Likewise, in Tampa he talked much about spending, but almost nothing about cutting taxes to stimulate economic activity. This seems to have irked some, but I think this is the correct order of doing these sorts of things. We have to give credit where it is due, as Mr. O cut payroll taxes by 2%, putting more money in everyone's paycheck virtually overnight. This did not help.