Ryan stands for ‘flawed’ economics, Obama campaign saysAgence France-Presse
WASHINGTON – President Barack Obama’s campaign warned Saturday that Mitt Romney’s new vice presidential running mate Paul Ryan stands for “flawed” economic policies that would repeat “catastrophic” past mistakes.
“As a member of Congress, Ryan rubber-stamped the reckless Bush economic policies that exploded our deficit and crashed our economy,” Obama’s campaign manager Jim Messina said in a statement.
“In naming Congressman Paul Ryan, Mitt Romney has chosen a leader of the House Republicans who shares his commitment to the flawed theory that new budget-busting tax cuts for the wealthy, while placing greater burdens on the middle class and seniors, will somehow deliver a stronger economy.”
Messina highlighted Ryan as “the architect of the radical Republican House budget” and said he backed Romney’s plans for a $250,000 tax cut for millionaires, and deep cuts in education spending.
And with an eye on a crucial voting demographic, Messina said Ryan’s budget would end the cherished Medicare health care system for seniors and turn it into a voucher system.
“Now the Romney-Ryan ticket would take us back by repeating the same, catastrophic mistakes.”