Exclusive: Rep. Lee Terry on VP nominee Paul Ryan

We asked Congressman Lee Terry (NE-2) for some personal thoughts on this morning’s announcement of Congressman Paul Ryan as Mitt Romney’s Vice Presidential nominee. Terry told us this:

I first met Paul in Chicago in the summer of 1998 when five candidates were beckoned to present in front of the midwest’s largest manufacturers. We all gave our pitches and then this young 20-something staffer gets up and blows everyone away with his knowedge of the budget and tax policy.

That was Ryan.

I knew he was a phenom and predicted he would be chair of Ways and Means. I guess I didn’t know he would be VP before that. His incredible grasp of numbers and policy was why he was made chairman of the Budget Committee, although there were others with more seniority who wanted it.

He has a great family –Jana is originally from Oklahoma, they met when both were staffers — and he loves to hunt.

And Ryan is a fitness freak–he does P90x every day.

There’s some stuff you won’t get on the Sunday shows.

And then Terry’s official statement:

“This shows Gov. Romney is serious about solving our fiscal crisis and creating jobs in America.

“Paul Ryan and I came into Congress together in 1999 and I know him very well. He is a genius on fiscal and budget issues and sees the way out of our current mess.

Our assessment: Ryan is a fantastic pick. He is the young superstar of Congress and just the kind of guy that Romney liked to hire when he was running his company.

We were happy back when George W. Bush picked a VP who he was comfortable with and knew would be a great pick — instead of going with some sort of “balance the ticket” or find a good state match idea. We think Romney has done the same thing here.


  1. Lil Mac says:

    Romney’s pick of Paul Ryan as Vice President turns this into a clear ideological battle. It contrasts the essential vision of each party and thus makes victory/defeat no foggy middle ground. When Ryan says “Our rights come from Nature and God, not from Government” he hits the soft underbelly of social liberalism’s disregard for our Constitutional mechanisms that have allowed Freedom (all of which is individual) and Prosperity (all of which is fueled by individual risk and energy unfettered by government) to make the USA great.

    Ryan speaks of leading the USA “Back to Greatness”. While average Americans want to like Obama as a guy, most Americans don’t like seeing Obama constantly apologizing for America’s greatness.

    This is rather brilliant. The Left will hammer Ryan for his specifics on tightening spending, just like the Left hammers Romney for making and hanging onto money. Apparently Liberals cannot grasp that the vast middle voters who decide elections aren’t leftists but pragmatists. The US economy is in the toilet after 4 years of Obama and Democrat control. Since Obama can’t offer success, he shifts from Hope-mongering to Fear-mongering. But even then, what Liberal Democrats fear most about Ryan and Romney –that they offer real solutions and fiscal aptitude– is clearly needed even in the eyes of the most distracted November voters.

  2. RWP says:

    As the great IowaHawk tweeted

    Paul Ryan represents President Obama’s worst nightmare: math”

    Looking forward in particular to the VP debate, though it will probably be stopped on a TKO after 2 questions. Poor ‘Plugs’ Biden must be wetting his pants.

  3. Anonymous says:

    Just like 4 years ago, I wish the GOP Veep candidate had been the actual nominee. Hopefully Romney doesn’t try to lose the way McCain did. I’ll hate McCain forever for that. (And his stupid, mouthy daughter.)

  4. Robyn says:

    If I were SS, I would have made my husband tell about how Paul and his wife beat us at bowling one night. Paul does not lose. He is a fantastic pick and has been my top choice for about a year.

  5. SoWhat??? says:

    A great pick for Romney and assures Ryan the nomination in 2016 if Mitt manages to snatch defeat from the jaws of victory. It does make one yearn for a strong, vocal, out-spoken and effective conservative candidate here in the NE second district as opposed to the current bench warmer who has never done a bold thing in his life.

  6. Anonymous says:

    This is interesting. Sweeper won’t allow links so perhaps he could do an update with a screen cap, but the Obama campaign has an ad out on youtube already attacking Romney/Ryan. And the interesting thing is that, when they’re going through the litany of items the Ryan budget would have cut and they get to Pell grants for college students, they show an image of the Nebraska State Capital. I guess the our Capital (close up with the Lincoln statue) is the quintessential college-looking building. Isn’t that funny?

  7. Question says:

    I just went back and have NEVER saw a post critical of Lee Terry, ever. This blog however gets Lee Terry updates before hand. Was very critical of the governor with pipeline stance.

    My question is this Street Sweeper are you married to Lee Terry cause Vegas odds say YUP!

  8. Anonymous says:

    Last week, Sweeper was a member of Heineman’s staff. This week he’s married to Lee Terry.

    Keep ’em guessing, Sweeps.

  9. RWP says:

    I guess the our Capital (close up with the Lincoln statue) is the quintessential college-looking building. Isn’t that funny?

    I checked this out, and it’s true! On the other hand, the state capitol is as much a college building as any of the buildings Obama saw when he was ‘attending’ Columbia.

    It really is the wonk ticket vs the dumbass ticket. Obama, who needs a teleprompter to stop him saying stupid things, and Biden, who says stupid things even when he’s reading a teleprompter.

  10. Anonymous says:

    Check the small windows on the side of the three arched windows in the commercial and compare with our capitol. And the, of course, the statue of Lincoln out front. And the spike-like juniper or whatever kind of evergreen trees on the sides. And then the lamp posts. I pulled up a google-image of that same side of the capitol (not exactly from the same perspective but the same side of the building) and, trust me, it’s the same. I wish I could post links. Sweeper? Help us out?

  11. Macdaddy says:

    Wonk ticket vs. Dumbass ticket. I like that. Another characterization would be Batman and Robin vs The Joker. I’m referring to Tim Burton’s Batman, of course.

  12. RWP says:

    3:18, you’re absolutely right. I just drove past the Capitol W entrance. The foreshortening from the camera lens threw me off. The statue is a lot further forward than it looks in the video. But there’s no doubt; it is the Capitol in the video. I have a picture that shows the same kerb-cut and circular post.

    What we need, Sweeper, is a SAB. Obama U, and the State Capitol. I’ve got both pictures, if you want them.

  13. State Senator says:

    Robyn is just one of a few contributors here. Other staffers have let comments slip at dinner parties. But I don’t care who Street is, it’s the best blog in Nebraska.

  14. Macdaddy says:

    I have to agree with Congressman Terry that Romney is serious about fixing this country. I don’t think the Ryan plan goes far enough, but I also recognize political realities and it was a great step in the right direction. Ryan has actually written and passed 2 budgets. Obama’s budgets have yet to garner a single vote from any party. Harry Reid, whom Bob Kerrey wants to work for, has yet to even submit a budget. We are facing serious problems in this country. Paul Ryan is a serious choice.

    BTW, will Bob Kerrey pledge to vote against Harry Reid for Majority Leader and help President Romney move the country forward, or will he continue to support Harry Reid and consign any serious proposals to fix this country to DOA status?

  15. Whatever says:

    That’s funny. I clearly posted a comment earlier that went up on the screen. It’s now gone. Didn’t someone like the fact that I told everyone to keep patting themselves on the back about Ryan? Because, you see, you just lost Florida and a lot of other areas because of Ryan. You’ll be scratching your heads when Obama’s taking his oath of office for the 2nd time. We’ll see if this gets taken down again.

  16. Anonymous says:

    Is Harry Reid really blaming Mitt Romney for paying no taxes? Could it be that it has more to do with religion than it does politics? Rumor has it that Reid’s source is Jon Huntsman Sr., father of the presidential candidate, Jon Huntsman Jr.. All three of them are Mormons. If Romney hid money from the government to avoid taxes, he probably also hid money from his church to avoid their tithing requirement.

  17. Anonymous says:

    8:07. Please explain why Ryan loses Florida for Romney. And explain all those “other areas” he loses. For all we know, you could be right. We give you the benefit of the doubt. But you have to tell us why. You have to make your case for what you declare is fact. Are Florida voters cheese haters? Do they dislike the Packers? If Ryan ate oranges, would that help?

    If we bloggers don’t have to explain anything we say here, we can say your sweetie is cheating on you. We don’t have to prove it. We don’t even have to say why we think that. When you pull stuff straight out your ass, it is crap. We aren’t expecting legal rigor here. Just finish your sentence and make a point other than the one on your head. Because until you do, your angst without facts makes you appear shit scared of Ryan.

  18. Anonymous says:

    The Liberals will really start to squeal now:)

    Plugs Bidden is already nervous as a long tailed cat in a room full of rocking chairs!

    Oh and the simple FACT that the idiot in the oval office can’t. or won’t, even get a budget passed EVEN when he had both houses of congress IS going to play against his house of cards, and Ryan is the one to point it out in very explicit detail. Of course the blind followers, to include the liberal media, will be unable and or unwilling to see the facts. BUT those in the middle will see them. The voters in the middle will also see how the liberals squeal, lie, and cheat, and will know the liberal agenda they supported four years ago is nothing worth repeating.

  19. Anonymous says:

    John Fund writes in a National Review Online article why Smart Democrats should be worried about Ryan as the VP pick.

    What Mr. Fund could have said is Smart Democrats have been worried for 2 years now about their Party’s Leader, Obama.

    The less intelligent LIBERALS can’t even realize the problem…… and I suppose there will be some sort of new “Free” money program for them soon. At least that is how this welfare President has operated to date. Get em hooked early, and have them vote early and often….. unless they are in the military then work hard to deny them the opportunity to vote. BUT if they are illegal you better let them be……. what an F’d up program this president has put in.

    It will take at least a decade to bring all the rats in the Obama administration to justice…..bet he puts out a LOT of pardons his last days in office…….

  20. Barry says:

    Hey Bob, I’ll be in Council Bluffs on Monday. Why won’t you return my calls. I would love to do a photo with you and I. Call Me!

  21. TexasAnnie says:

    O Goody! Romney picked a mate who believes in a fair, competitive and simple tax code! Like me, Paul Ryan wants to close loopholes while lowering rates for everyone. This is a marked departure from Republicans who say closing loopholes amounts to a tax increase, -which they will not support, and thus nothing can be done about current tax injustice.

    Can Ryan influence Romney? Will Romney support tax justice? He hasn’t yet…

  22. Council Bluffs says:

    Hey Bob, Do you know where we are located? Your bridge connects Omaha to us. Your President is having an event tomorrow and we were wondering why you are not coming. Hope to see you soon.

  23. Bob's a Coward says:

    Why won’t Bob Kerrey go see President Obama tomorrow? Why won’t Bob go to the Democratic Convention? He is a coward, plain and simple.

  24. RWP says:

    I don’t think Bob’s a coward, and calling an MOH winner a coward is apt to make you look pretty silly. I think he’s utterly self-centered, unprincipled and without loyalty. In brief, he’s a very high functioning sociopath. He will avoid Obama and anything else connected with the Democrat party, because he knows that’s electoral poison here in Nebraska. In the unlikely event he gets to the Senate, he will vote >95% of the time with his party; they really don’t mind being temporarily thrown under the bus until he gets there.

    And he thinks voters are stupid and forgetful. He’s already played this stunt three times, and gotten away with it, so are we going to tell him he’s wrong?

  25. Macdaddy says:

    A couple of years ago Harry Reid was told that Social Security was going to go bankrupt in 24 years. His reply? Talk to me in 20 years. Bob Kerrey wants to leave this irresponsible jerk in charge of the Senate? Doesn’t sound like very good judgement on Bob’s part. Let’s face it. Bob can tell us whatever he thinks we want to hear, but as long as he’s going to vote for Harry Reid, it just doesn’t matter.

  26. Cash Cow says:

    I see the Romney campaign pulled in $3.5 Million in the 24 hour period following the announcement of Ryan compared to a decrease in funding for the month 4 years earlier when Biden was announced.

    RWP – I think they got your message!

  27. Lil Mac says:

    Tis the classic “chicken or the egg” quandary. Which came first, the lying expedient or the idiots who repeatedly voted for him against their own interests?

    MDad says it is wrong for Kerrey to feed Nebraska voters a bucket of shite. That’s true. RWP says it wrong for Nebraska voters to have so often wolfed down that shite. That too is true. However, as difficult as it is to wean voters off their taste for shite, that is an easier task than trying to get a man who has no regrets for lying and who cannot win without lying, to be honest with voters.

    He embodies guiltless dishonesty and expecting him to be square with voters is like expecting a turd to smell like roses. The best you can do is flush it back to New York where the smell fits right in.

  28. Anonymous says:

    Lee Terry is pivotal on the XL pipeline issue in DC that threatens Obama, thanks to shit-headed Democrats who created this issue when they decided a shit-eating beetle (carrion eating, actually) is important enough to keep America held hostage to foreign oil, while gas prices rise, unemployment tanks, and drought guts agriculture. Since even the most districted voters work, eat and buy gas, this has the potential to slam Democrats hard in November.

  29. Yes, clearly the most efficient way to transport crude to China is to put it in a pipeline angled 90 degrees away from general direction of China, then put it in a boat and ship it half-way around the globe…WAY more efficient than piping it to the west coast followed by a much shorter jaunt across the Pacific.

    Of course, once the oil reaches ANY port, it becomes part of the GLOBAL supply, thus effecting prices at the GLOBAL level. And while I suppose the U.S. could continue paying to ship oil from the Middle East, seems it would be cheaper to refine oil that’s already here.

    This common sense stuff doesn’t come easy, does it?

  30. Macdaddy says:

    China is buying up the Canadian oil sands and is planning their own pipeline west. Guess what? We won’t see that oil. Guess what else? Thanks to the $5 trillion Obama made us borrow in the last 3.5 years, China has plenty of cash to do it. Yay, Obama! Making our allies question our friendship since 2009.

  31. Math professor says:

    Ryan was a bad pick. Polling on his budgets shows that independents hate his budget, seniors hate his Mcare and SS fix, and young people hate the reduction in pell grants, middle class hate the $$$$ tax cut to the rich.

    I won’t contribute one more dime to Romney or RNC.

  32. Macdaddy says:

    Hey Math Professor, Obama is cutting $700 billion from Medicare right now so that young, healthy people can have their health insurance subsidized. You think seniors are going to like that better? Ryan’s plan doesn’t cut a dime from today’s seniors, tomorrow’s seniors, or people who will be seniors even 10 years from now. Even Rachel Maddow couldn’t defend Obama’s Medicare cuts even though she’s had 2 years to come up with an answer. You’re coming from the assumption that people can’t be persuaded. You might want to get out more often.

  33. Goober Natorial says:

    Math professor, they won’t lose a dime because you weren’t contributing to them anyway. Obamacare gutted Medicare of half a trillion dollars. It also depended for its solvency on paying low rates to docs, which everyone knew wouldn’t happen when they passed Obamacare. Shortly thereafter, they passed the doc fix to make sure the docs get paid and now the program is not deficit neutral even under the most rosy Obama numbers. So, if you’re worried about Ryan, you were never on their side to begin with.

  34. Goober Natorial says:

    Math professor’s comments reveal something baaaaad about liberals, though. All they’re concerned about is (taking money from me so they can do more) giveaways to their special interests. Young people won’t vote for Romney/Ryan because they want their free shit. Same with seniors, etc. No one on the liberal side of the aisle seems to care how we pay for this largesse. Soak the rich for their “fair share.”. (The top percent already covers nearly 40% of tax revenues.). But credit them Dems for figuring out that, if you want to win elections, you just need to give free shit away using other people’s money. That’s the strategy, anyway.

  35. Anonymous says:

    It’s laughable that the indignation against welfare from the 2 previous posters doesn’t extend to WELFARE GRAZING!

  36. Anonymous says:

    This is how stupid Democrats are. Math professor claims that young people hate the Ryan budget because of reductions in Pell Grants. IOW, as stated above, young people want their “free shit” and are apparently inclined to vote for the party whose candidate promises to give them that “free shit” from the government till (obtained by taking money from productive people.)

    However, there’s a recent editorial column with actual data in it that makes the case that student aid has actually driven up the cost of a college education, noting that “the American Institute for Economic Research has calculated the increase (in college tuition costs) from 2000 to 2011 at 112%.” So, by giving away “free shit” the Democrats have purchased a constituency but actually made the problem of college affordability worse. Which is the way it is with most government giveaways.

    And, if seniors hate Ryan’s medicare fix, they’re going to love finding out that Obamacare has gutted Medicare to the tune of $700 billion.

    Math professor, I suggest you stick to 2 + 2. When it comes to politics, you’re clearly out of your depth.

  37. Goober Natorial says:

    Irritating Obsesser, I didn’t mention Fischer’s “welfare grazing” because: a) its not welfare; b) this was a thread about the Veep pick; and c) I’m not obsessed with Deb Fischer like you are.

  38. Anonymous says:

    MacDaddy, Ryan’s budget also includes the Medicare cut. Furthermore his budget numbers don’t add up and increase the deficit. But facts don’t enter the picture because he’s on “your side”. What a bunch of sheep!

  39. Macdaddy says:

    Ryan’s plan does increase the deficit which is why I have stated here before that I didn’t think it went far enough. Of course, it only added $3trillion to the deficit over the next 10 years whereas Obama would add $6 trillion. Of course, he was going to slash the deficit in half and unemployment wouldn’t go above 8% with his stimulus plan, so beware of his predictions. Obama ain’t so smart when it comes to economics. As for Medicare cuts, Ryan phases those in so that today’s seniors do not get cut. Obama is cutting Medicare as we speak and he’ll be limiting care through his IPABs, aka death panels. That will happen next year. In the meantime, he’s double counting the Medicare cuts which basically drives us off the cliff even sooner (2016 instead of 2024).

    BTW, Washington Post poll says that Ryan’s positives just went up among seniors by 18 points and his positives way outweigh his negatives in that group. You guys are toast.

  40. RWP says:

    Google “Former Clinton Adviser & Democratic Senate Candidate Erskine Bowles on Paul Ryan and His Budget” Great vide.

    Erskine Bowles fulsomely praises Paul Ryan and his budget, and strongly criticizes Obama.

    That’s Democrat Erskine Bowles, of Simpson-Bowles.

  41. Anonymous says:

    When it comes to economics advice, I’ll take credentialed economics professors whose predictions have been correct in the past (not just Krugman) over a chemistry professor at a midwest state college ranked at the bottom of its conference.

    Ryan’s plan would reduce revenues by $10 trillion over 10 years compared to the status quo (with Bush tax cuts expiring). He claims he’ll close deductions and tax loopholes to make this up, but it’s all pie in the sky without giving specifics. There’s no way his plan’s deficits would be lower than Obama’s, but go ahead and believe in magic fairies.

  42. RWP says:

    On the other hand, I’d take the word of a chemistry professor over some anonymous bozo on the net.

    Paul Krugman’s predictions have been so wrong so often he’s a joke.

    A nice quote from the Democratic co-chair of President Barack Obama’s National Commission on Fiscal Responsibility and Reform, who was previously President Clinton’s Chief of Staff, and a successful investment banker. He was President of the University of North Carolina for 5 years; this is what he said when they invited him back to speak last fall:

    Have any of you all met Paul Ryan? We should get him to come to the university. I’m telling you, this guy is amazing. I always thought I was okay at arithmetic, this guy can run circles around me. And he is honest, he is straightforward, he is sincere. And the budget he came forward with is just like Paul Ryan. It is a sensible, straightforward, honest, serious budget, and it cut the budget deficit, just like we did, by $4 trillion.

    The president came out with his own plan. And, the president as you remember, came out with a budget. And I don’t think anybody took that budget very seriously. The Senate voted against it 97-to-nothing.

    Good luck waving that off.

  43. RWP says:

    I would add that as a former resident of Ireland who still holds joint citizenship, I take particular exception to Krugman. In 2009, Krugman advised Ireland to nationalize its failing banks. Ireland did. The massive increase in government debt has been the single biggest drag on the recovery; but worse, Krugman, having advised them to nationalize, now castigates them for doing so!

  44. Lil Mac says:

    To swallow “economic advice” is to be an intellectual slut. Economics is a pseudo-science that uses stats as a base from which to infer and compound-infer thus resulting in often fantastic philosophical pronouncements. Measurements are fact but they don’t say why. That “why” is often pulled straight out of the economist’s ass and they expect people to swallow that as “economic advice”.

    Here is some better advice. Use your own mind. Look around you. The greatest genocides and miseries in human history were backed and directed by esteemed economists. They were “scientifically” correct untilt that they proved horribly wrong.

    The simplest example is that of trying to spend one’s self out of debt. That doesn’t work at any level. But an economist can talk you into that or any other silly corner you might wish to be. Economics is too much art and not enough science.

  45. Anonymous says:

    Government cuts, i.e austerity, is working very well in Europe. I’ve give you that there is more art in economics than there is in chemistry, but that doesn’t mean there is no science. How much history do you need to read to understand that govt spending has been necessary to crawl out of recessions/depressions?

    Can’t find anything on Krugman castigating Ireland for bank nationalization. The banks were the cause of the Irish housing boom then bust by loosely issuing loans.

  46. Anonymous says:

    Aaaargh!! Last post enclosed “working very well in Europe” in “snark” tags, but they were dropped. Was being sarcastic.

  47. Macdaddy says:

    Krugman is happy to contradict even his own textbook when he feels the political need to do so. Maybe he shouldn’t have his wife edit all his columns.

  48. RWP says:

    Government cuts, i.e austerity, is working very well in Europe

    It is in countries they’re actually doing it: I.e. Ireland.

    Can’t find anything on Krugman castigating Ireland for bank nationalization

    It’s the first hit when you search for Krugman Ireland banks.

    (After that, any snark I could post about your research skills would be supererogatory. But you can, if you like, visualize the position of my eyebrows. )

    Loose credit was the universal cause of the meltdown.

  49. Anonymous says:

    Its fascinating to me that the DCRP STILL hasn’t filed it’s NADC reports for the primary this spring…they are getting very late now

  50. Anonymous says:

    While we wish him good health, part of Mayor Suttle’s brain has in fact died. Can you see any difference? Neither can I. What kind of message does that send?

  51. Anonymous says:

    Unlike the welfare grazing farce, the DCRP’s failure to file the proper NADC report actually violates a law. So I will continue on it until it is filed or the DCRP is fined by the Accountability and Disclosure Commission

  52. Some Thoughts says:

    I like Ryan as an individual, but he’s a risky pick. I assume the goal is to carry Wisconsin, and that might be very important due to projections about which state might cast the decisive electoral votes. The polarization of the country really means the contest is down to a few states, and Wisconsin is among them. Another goal might be to have a campaign sharply focused on economic issues. The problem is, other picks could have distanced themselves from the Ryan budget when certain provisions proved unpopular with swing voters. The only person who cannot fudge it that way is… Ryan. So it’s a doubling-down on a particular economic approach that, even if it’s correct, will open the ticket to fairly popular criticisms. People love their medicare, for example, to the point of blind irrationality, and those voters turn out.

    The other reason I’m not particularly excited about the Ryan pick is that I was hoping for someone to turn larger numbers of women towards Romney. The one group he appeals to most is white men. He makes inroads among older women (who love their medicare, as mentioned). He has to have a lot of “soccer moms” who voted for Obama but aren’t thrilled with his progress. On the other hand, maybe Romney couldn’t find anyone who could pass the vetting and fill that role. I was hoping for Kelly Ayotte, but oh well.

  53. Anonymous says:

    I’m glad to see that Randi Scott is trying to legitimize herself within the Republican party by managing Ed Truemper’s city council campaign.
    Unfortunately it won’t help any when she runs Brett Lindstrom’s congressional campaign in 2 years.

  54. Anonymous says:

    RWP, how do you figure Ireland’s recovery is going well? Googling “Ireland Recovery” and the first link is “Ireland recovery falters as exports fall – FT.com”. Austerity does not work. We agree that loose credit was the cause of the meltdown. Iceland, which was in the same situation as Ireland, is doing much better as the bankers and their lenders were made to bear the brunt of the mistakes, while Irish taxpayers bailed out their banks.

  55. Andonamoose says:

    Please let Romney/Ryan be elected so that the GOP can finally be put out of our misery. Four years of them will end the Republican Party as we’ve known it.

  56. Anonymostly says:

    Andonamoose, we all thought the same thing about the Democrats electing Barama. Unfortunately, the Barama experience has proven the thesis posited by Adolf Hitler: “What luck for the rulers that [the people] do not think.”

    Like that whole thing about “free” healthcare. Or that the government was giving away stimulus money for free. The Democrats have decided that the way to get elected is to promise the most “free” stuff to the most amount of people. I think they had Adolf Hitler in mind when they came up with that strategy.

  57. Spike says:

    SS You’re totally CLUELESS! GWB & his Choice for VPUS almost turned America into the 4Th. Reich!! But then I guess that’s the agenda of a lot of you Elitist GOP Jerks now isn’t it????

  58. RWP says:

    No doubt to the great annoyance of Paul Krugman (who probably should stay out of the country for the next few years) Ireland is doing substantially better than the rest of the Eurozone countries, particularly the subset of highly indebted countries. Read ‘Ireland finds sweet spot in eurozone crisis’, Financial Post, Aug 3 2012.

  59. Spike says:

    RWP, your comment about loose credit being the cause of the meltdown is total BS. The real reason for the meltdown was banker cronyism & lack of Gov Regulation!

    BTW: Mormon Mitt would have done much better if he had selected Senator Portman from Ohio. Just the fact that Ryan went to the ultimate Party school, Miami U in Ohio, should say something about the core of the man.

  60. Some Thoughts says:

    So everyone who attends Miami of Ohio is, at core, defined by their interest in attending a party school? Sure, that’s not ridiculous. Ryan’s a great guy, and he may well provide the strength in the Upper Midwest that the ticket needs, but at some risk of being polarizing because of his strong advocacy of certain economic views.

  61. Anonymous says:

    I had a dog named “spike”. Should have had the mutt wormed. He licked his butt so hard he turned inside out and ended up running backwards.

  62. Andonamoose says:

    Your dog ‘spike,’ sounds just like Mittens’ lap dog ‘paul.’ Do you suppose he’ll get to ride on top of the Family Truckster?

  63. Don Kuhns says:

    RWP, I’m calling bull-pucky on your claim “In 2009, Krugman advised Ireland to nationalize its failing banks.” Name your source. And your claim “Ireland is doing substantially better than the rest of the Eurozone countries” is absolutely hysterical.

  64. Anonymous says:

    Don’s right. RWP, with his years in academia, is a master at spewing BS. A PHD in chemistry may make you an expert in that field, but it does not carry over into areas of economics and politics.

  65. Spike says:

    Ha, Ha,

    So Ryan’s been caught in doing INSIDER trading on the day before the BIG crash to save his selfish & greedy GOPER ass stock portfolio.

    As I said before, Mormon Mitt would have done much better to choose Rob Portman & it still might come to that if they can’t bury this Insider Trading bit on Ryan! Should piss off a lot of you idiot GOPERS, that is, if any of you had any brains!!

  66. RWP says:

    Claim 2 is documented in the source I quote, and in multiple others. I’m still a Irish citizen, and last visited the country 6 weeks ago.

    And Don’s special expertise on Ireland is?

    Claim 1 is documented in various Krugman columns and blog entries of 2009. See especially ‘Erin go broke’, April 19 2009. (One of the things we like about Paul is his sensitivity to stereotypes; his columns are full of leprechaun references, etc. Just charming.)

  67. Some Thoughts says:

    I’m not really interested in answering a troll, but just in case anyone was concerned about that “insider trading” rumor? It’s completely wrong. False. Baloney.

  68. Doomed says:

    Mahood must be insane to debate the UNO Democrates. They would eat him like a slice of pizza. The YR’s are taking the party over a cliff.

  69. RWP says:

    They also have to worry about the matchup between of Ryan and Biden, who IowaHawk says reminds us of a simpler time in America, when a kid could go to the local drugstore and buy cough syrup, model glue, and lead paint.

    (YOU get that one, don’t you, Spike!)

    Or as Giuliani said last night on Kudlow…

    “I mean — I have never seen a vice president that has made as many mistakes, said as many stupid things. I mean, there’s a real fear if, God forbid, he ever had to be entrusted with the presidency, whether he really has the mental capacity to handle it. I mean, this guy just isn’t bright. He’s never been bright. He isn’t bright. People think well, he just talks a little bit too much. Actually, he’s just not very smart.”

    It’s not just that he’s a staple of late night TV monologs, it’s that people start laughing as soon as they hear ‘Joe Biden’, even before the joke is told.

  70. Apparently changing his screen name from IKON to Spike didn’t make him any smarter…just like Bud Pettigrew’s screen name change didn’t increase his ability to differentiate between the words “as” and “has”.

  71. Goober Natorial says:

    Slate and buzzfeed retracted the insider trading story two whole days ago. You’re really on top of things there, spikey. Just wait till you find out we put a man on the moon.

  72. Don Kuhns says:

    What kind of mind reads Paul Krugman noting that Irish economists are calling for bank nationalization as he called for temporary nationalization of U.S. banks, and stores that information as “Krugman advised Ireland to nationalize its failing banks”? What kind of mind reads that Ireland’s economy is still depressed, but at least its bond yields are better than Italy’s and Spain’s, and stores that information as “Ireland is doing substantially better than the rest of the Eurozone countries”?

    You should seriously consider dropping acid, professor. Your brain needs a reboot.

  73. Anonymous says:

    @RWP, I assume you and most others on this site voted for McCain in 2008. Biden is less qualified than Palin??? I mean if you have problems with Biden, how could you have ever voted to put Palin one heartbeat from the presidency?

    @Don, beat me to the punch. RWP will twist something else to “prove” his point. He has much more time to play this game than most of us who work regular jobs.

  74. @Doomed says:

    Don’t blame Tyler Mahood for the shortcomings of the YR’s. He’s just a pawn. Rather you should blame Brandon Petersen and Matt Pinkerton. That dynamic duo has regressed the Republican party and turned it into Lamda Lamda Lamda. I’m just looking forward to visiting their booth at Comic Con.

  75. RWP says:

    What kind of mind reads this

    Is Ireland’s government doing the right thing? As I read the debate among Irish experts, there’s widespread criticism of the bank plan, with many of the country’s leading economists calling for temporary nationalization instead. (Ireland has already nationalized one major bank.) The arguments of these Irish economists are very similar to those of a number of American economists, myself included, about how to deal with our own banking mess.

    as anything other than a call for Irish bank nationalization? Let’s make it simpler…

    (1) Many leading economists in Ireland have called for bank nationalization
    (2) These arguments are very similar to my arguments for US bank nationalization.

    Closing the syllogism was left as an exercise to the reader –an exercise Don seems to be incapable of. But if anyone needed further proof, the same day Krugman wrote ” Ireland basically is just like us, only more so”

    An article titled “Ireland finds sweet spot in Eurozone crisis” shouldn’t be read as saying that Ireland is doing substantially better than other overindebted Eurozone countries? Surely even an economic illiterate knows that government bond yields are an indicator of confidence in the sovereign debt? The article also mentions that Ireland is the only Eurozone country that will experience growth both this year and next year. Don conveniently forgot that. The article also mentions total exports are up 3.8% even though Eurozone exports are down. Don conveniently forgot that. The article also quotes an analyst “It’s on schedule, it’s on track, the idea and the plan is in place. Other countries are much further behind, they’re still at the panic stage” Don conveniently forgot that. The liberal mind sees what it wants to see, and disregards the rest.

    Elsewhere, you can find that foreign direct investment in Ireland grew by 22% last year, whereas it fell in the Eurozone as a whole. Ireland is on its way to an export-driven recovery whose principal problem is the rest of the Eurozone is so weak Ireland has to rely on exports outside the zone to sustain the growth. The OECD predicts >5% export growth in 2013.

    You should seriously consider dropping acid, professor.

    Thanks for the advice, Don, but if you’re an example of the results, I’ll pass.

  76. RWP says:

    Biden is less qualified than Palin???

    For sure.

    He has much more time to play this game than most of us who work regular jobs.

    I have absolutely no reason to believe you work a ‘regular job’. And it’s a pretty flimsy excuse for your inability to argue your position.

  77. RWP says:

    Oh, by the way Don if you want something more direct, google “Ireland faces hard slog, says Nobel winner”

    Speaking in the National Gallery at an event hosted by Merrion Capital, Prof Krugman said the Government should nationalise ‘weak’ banks and leave others on their own

  78. Macdaddy says:

    Leave Joe Biden alone! Obama may replace him with somebody not in the early stages of dementia and make it a wee bit harder for Romney this fall.

  79. Re: Spike says:

    You’re insider trading claim was debunked immediately after the rumor hit the blogs (Daily Kos, etc). That’s why it had no legs in the media.

    The meeting with Bernanke that you would be referring to happened after trading hours, which means Ryan wouldn’t have been able to execute trades based on that meeting, even if he wanted to.

    Also, the trades in that fund are automatic using a computerized system that Paul Ryan had no control over. He wouldn’t have been able to tell the Index to make the trades you claim.

    You seriously need to focus on real issues and not the ‘dirty politics’ that you seem to love. Why don’t the Democrats debate real issues?

  80. Anonymous says:

    Anyone who thinks Palin is more qualified than Biden to be VP should move to Bizarro World. Just another case of ideology trumping reason (and in a University professor, no less).

  81. Who Cares says:

    The appropriate comparison for today (not 4 years ago), is Paul Ryan vs. Biden. And according to Rudy Giuliani: “Biden is may not have ‘Mental Capacity’ for Presidency”

    Paul Ryan is clearly better in the match-up against Joe Biden.

  82. Macdaddy says:

    Biden, he so smart.

    ‘Folks, where’s it written we cannot lead the world in the 20th century in making automobiles?,” said Biden.
    “They’re gonna put y’all back in chains!” And he said it to a bunch of black people.
    “In a less-noticed gaffe Tuesday, Biden told the crowd he was confident their support would help the Obama-Biden ticket carry North Carolina. He was speaking in Virginia at the time.”
    Four years ago:
    “Stand up, Chuck, let ’em see ya.” –-Joe Biden, to Missouri state Sen. Chuck Graham, who is in a wheelchair, Columbia, Missouri, Sept. 12, 2008

    BTW, Palin, for as “stupid” as she is, got the better of Biden in their VP debate. Biden is always just one outburst away from starting WW3. Good thing nobody pays attention to him.

  83. Interested Observer says:

    I’ve seen lots of compliments for Paul Ryan’s in depth knowledge of the federal budget. Some are really amazed with his ability to cite numbers and figures in this issue. I think he really does understand this.

    My question is this, why is this remarkable? Why in the world can’t the other 534 simply do their jobs and have as clear a knowledge of the budget as Ryan has? Maybe we wouldn’t be in such a mess if they all did, too.

  84. Don Kuhns says:

    RWP, go toss your syllogism on a fawning acolyte. I ain’t swallowing that baloney. I will give you a point for the Hard Slog article, though it’s hardly a definitive account. Now about your claim that Krugman has castigated Ireland for nationalization-where was that exactly? I followed your instructions and only came up with this: “But, no, the Irish government stepped in to guarantee the banks’ debt, turning private losses into public obligations.” He’s referring to guarantees made by the Irish Gov. in 2008, before he supposedly called for nationalization. And if he did make that call, this shows why. They were going to socialize the losses and privatize the gains.

    Contrary to what you wrote, the Sweet Spot article says that Eurozone merchandise exports fell 5% but Eurozone(not Irish) total exports are up 3.8%. It also says that Ireland is the only Eurozone PERIPHERY nation that is growing. Your claim wasn’t that Ireland is beating a few F-ed up countries. “Ireland is doing substantially better than the rest of the Eurozone countries” is what you wrote. I find it hard to believe a college professor’s reading comprehension skills suck that bad. The “lying hack” hypothesis is gaining traction.

  85. @ Doomed says:

    Good to know the UNO Democrats are back in the dorms and reading this blog. Yawn.

    Have anything of substance to say, or do you just have dumb comments.

  86. Lil Mac says:

    I too have been thinking about how stupid Biden is, because Obama picked him. Obama seems to surround himself with dysfunctional pseudo-dignified lackeys there to make Obama appear smarter. A less neurotic Obama would appoint smarter not dumber people.

    Some of Obama’s records are sealed, which you don’t do if it is good. Biden was in the lower 25% of his class. In Law School, Biden was caught plagiarizing. Obama did better. But both are grossly limited. Like Obama, Biden has only a BA in Political Science and then a JD. That’s it. No economics or business or science or anything other than a PolySci & Law mix that essentially trains a guy to bullshit his way into public power. There is nothing else there. They learned to argue their own case and run for office. — There are some smarter Democrats. Barry and Joe are not among them.

    America is bleeding to death economically. Poly Sci Lawyers don’t have a clue what to do about it.

    Educationally, Ryan’s Econ degree, and Romney being a G. F. Baker scholar at Harvard Business is far more applicable to America’s economic problems today. — By the way, that Harvard Law School degree Obama flaunts? Romney picked up one of those with honors while he was getting his Harvard honors Business degree.

    Workwise, Ryan runs the Budget Committee for the House that holds America’s entire purse strings. Romney was a chief executive of a state and major companies. Real world stuff compared to Joe and Barry who showed up to vote as one of 100 and never met a budget.

    This hasn’t sunk in yet but it will. Bloggers are fired up right now but only 12% of the distracted voters who will decide this election are paying attention today. They don’t wake up until later. Poor old Obama had to spend his treasure this summer just to reach his own donors. Romney isn’t going to cut loose until later when the voters wake up. And then the fat lady sings.

  87. RWP says:

    Don , I could give a flying fig about your pathetic little score keeping. I proved my point. I was right, you were wrong, and you don’t have the cojones under your wife’s panties to admit it. But if you did, it would upset my world view, so it’s all good.

    Furthermore, you are in no position to issue demands. But simply because I enjoy adding to your ignominy, I will be delighted to provide instances of Krugman doing a 180 and denying he advocated Irish bank nationalization.

    Krugman stopped being an intellectual and became a mindless partisan 20 years ago. He advocated nationalization because he’s a lefty and approves of the gummint grabbing stuff. Then he realized nationalization would result in Irish taxpayers paying off rich German bondholders, so he flopped. It’s as dumb and irrational as that. Shame. I understand he was once smart.

  88. UNO says:

    Quit smoking your pipe Mahood. All your talking points were from Fox News today. I can’t wait until you’re kissing my feet after Nov. 6th. I hope you write better term papers then blog posts.

  89. Andonamoose says:

    President Obama has been unable to accomplish the things he set out to do because the poor bastard didn’t realize just how much the GOP found it more important to trash the American economy in order to make him look bad, than to cooperate with anyone to make it better for anyone but the filthy rich.

  90. Andonamoose says:

    Again with the “unborn babies” bullshite. You bastards don’t give a damn about the babies that are already born, or anyone else for that matter. Yet, you keep dragging out that old ragged petard every time you feel you are losing an argument. Why didn’t the GOP do something about abortion when they had the chance? The answer is simple, because it is an easy, emotional issue that motivates the low level thinkers, right up there with the gun lovers’ fear of having their penis substitutes taken away from them.

  91. Really RWP? says:

    ” wife’s panties” ???? Let’s be honest you would have a better chance of perfecting cold fusion then you ever seeing a pair of woman’s panties. Btw you mom called from upstairs and wants you to change the litter box.

  92. Andonamoose says:

    Macdaddy, maybe if you could stay awake you could begin understanding the way things are in the real world and not have to depend so much on the fantasies you concoct in your dreams. So, tell me, why didn’t you Republicans do anything at all about abortion when you had the power to do so?

  93. Macdaddy says:

    You mean like parental notification laws, a ban on partial birth abortion, ultrasound laws, trying to force abortion mills with following basic medical hygiene and safety standards, and fetal pain restrictions? That’s about all Republicans have the power to do, what with that whole Supreme Court, law of the land thing, or were you advocating open rebellion and subversion of the Constitution? In the meantime, the population is becoming pro-life through attrition, so all is not lost.

  94. Macdaddy says:

    And waiting periods, the Hyde amendment, keeping the pro-life plank in the party’s platform, and getting pro-life justices on the Supreme Court. But you know those Republicans. Didn’t do anything when they had the chance.

  95. Never Left The Neb says:

    I certainly hope “UNO” isn’t implying that he or she has the authority to affect someone’s grade based on their politics. I would think that would violate professional ethics on some level. Really, “kissing my feet” in the same sentence as talk about the quality of school work? Hmmm, I would think a person could be removed from their position with those kinds of threats?

  96. RWP says:

    Krugman’s flip flop. November 25, 2010.

    Then the bubble burst, and those banks faced huge losses. You might have expected those who lent money to the banks to share in the losses. After all, they were consenting adults, and if they failed to understand the risks they were taking that was nobody’s fault but their own. But, no, the Irish government stepped in to guarantee the banks’ debt, turning private losses into public obligations.

    Of course, once you’ve nationalized the banks, as Krugman advocated, then making ‘those who lent money to the banks …share in the losses’ is a sovereign default. The Irish government guaranteed the banks’ debt in Sept. 2008 for one year, not for all time; and it did so to forestall a bank run (it was still a terrible decision, but Krugman himself claimed in 2009 it was necessary). However, once the banks were nationalized, then the debt belonged to the government. Failure to pay the creditors in full became a default, not a corporate bankruptcy.

    To be fair to the Irish finance minister at the time; he was out of his depth, he had pancreatic cancer, and he was under immense internal and external pressure. None of those excuses works for Krugman.

    Krugman has a chip on his shoulder about Ireland, and about several of the Baltic countries, because they had the temerity to implement policies he hates, like lower corporate tax, and (in Estonia’s case) a flat tax. He’s gotten called out several times recently for using heavy spin on economic data to try to make it come out the way he wants, basically to make Ireland and the Baltics look bad, and Iceland look good. He long ago ceased to be a legitimate economist.

    Sorry to go on about this here — it has nothing to do with Nebraska politics — but Ireland’s following Krugman’s stupid advice has made several members of my family a lot poorer. It’s made a country of which I’m still a citizen a lot poorer. And it really pisses me off because he won’t man up and admit he was wrong. Endemic leftist problem.

  97. Lil Mac says:

    So, Republicans are all Racists? That, from hypocritical racist Democrats. Sort of like when Biden pushes slavery toward the GOP instead of where it was born, in the Democratic Party, with Jefferson impregnating his black slaves. Democrats have a creepy obsession with owing black skins.

    When faced with the first GOP president, Democrats declared war just to keep owing black people, then created Jim Crow to keep blacks from voting, and after MLK and equal opportunity, Dems created Affirmative Action in order to buy the black skins they could no longer own.

    Democrats today have reduced black Americans to blocs of voters bought and owned by slices of free federal cheese. Indeed, Democrats are so obsessed with ownership of black skins, that when it came time to find a “black” candidate, they found in Obama the only dark skinned guy in the USA who has zero slave blood and, amazingly, has slave OWNERS on both sides of his Islamic slave-trader and antebellum KKK slave-owner ancestry. Not a drop of slave in a “black” President who has proved a reliable fear-mongering overseer herding black Americans to toil for Dem massah at the ballot box.

    Damn the Democratic Party for reducing minorities to welfare addicted vote chattel. — And you, Never Wrinkled… I wonder if you ever personally ironed out your own wrinkle outside your own race. Most of you Democrats seem to spout equality and then marry into your bigotry. And now that Obama’s policy failures are spinning down the toilet, you are left having to scare minorities into voting for Obama. You pull out the old Step n Fetchit stereotypes and milk it with fear. You love owning minorities, of course, you say, for their own good.

  98. Anonymostly says:

    Bud Pettigrew alert at post 134. Nice grammar and punctuation, Bud. I mean for a 3rd grader, not a retired teacher. For a retired teacher, it’s pretty pathetic, actually.

  99. Anonymostly says:

    So, the Lincoln paper that’s owned by Warren Buffett reports today that the Lincoln Police are still aggressively investigating the “reported” (not “alleged” but “reported”) hate crime from a few weeks back where that former Husker women’s basketball player claimed she was tied up, carved up and had heer house set on fire by three masked men who went down to her basement to spray paint gay epithets on her basement walls. (Wouldn’t want to mess up the living room, afterall.)

    Apparently, in addition to the fact that the ALLEGED victim couldn’t describe her attackers, no one in her neighborhood saw anyone come or go during that particular time period. Funny that. But the police are still “very aggressively working on this and spending a lot of time and resources on this.”


    I wonder if someone at the Buffett-owned paper in Lincoln will commit a random act of journalism and start asking questions. Like, “when you say you’re spending a lot of time and resources on this, what exactly are you doing? You’ve got no leads, no neighbors saw anything, the ‘alleged’ victim can’t describe any of her attackers, so … WTF?”

    I will be shocked — SHOCKED — if this woman is ever charged with false reporting. The police don’t want to do that. It’s not politically correct to question such a victim or doubt her veracity. And the Urinal Star is stepping lightly for the same reasons. But, hey, listen, other people get charged for that type of crime. It happens. For whatever reason, someone wants the attention of being a victim or use a false crime to make a fraudulent insurance claim or what have you. And, in those cases, the police use the absence of evidence as evidence of absence. Confessions aren’t required.

    Unless the hoax perpetrator is a lesbian in Lincoln, Nebraska claiming she was assaulted for being gay.

    This one is going to go down as an unsolved crime. Nope, never did find those three (fictitious) guys who assaulted that poor lesbian lady down in the near south part of Lincoln that one time. Such a mystery.

  100. Commenters:

    Someone decided to use someone else’s name to make comments.
    The real person let us know that they have NEVER posted comments on this blog.

    Please DO NOT post using someone else’s name.

    Those comments have been deleted, as well as any other references to that person.
    And the original commenter will now find themselves blocked. Such is life.

  101. Anonymostly says:

    By the way, let me quickly add — before the usual lefty chorus of name calling hits LS — that I don’t hate her for being gay. Nor anyone else. My personal view is that homosexuality is a fact of existence for those who are gay and not a matter of lifestyle choice. They didn’t decide to become gay; it’s part of who they are. I belive that. I also have many gay people in my life whom I adore as people and would never want to see victimized by crime, especially because of who they are. Nor would I want Charlie Rogers victimized because of who she is.

    Having said that, I do hate political correctness because I despise the notion that some thoughts are determined (by those on the left) to be worthy and OK and other thoughts not. That’s a slippery slope. I don’t like the idea that there are those out there who think they should get to judge MY ideas and beliefs for their worth and validity. And I also hate the double standard. It’s already clear that neither the police nor the news media are going to treat this phony crime as a case of false reporting the way they would with virtually any other false report of a crime. It’s obvious to anyone with a rational and reasonable mind and the capacity to look at the facts objectively that this lady made it up. It’s too bad but it’s true. If there was any evidence that established that there was someone else involved, the police would have said so and the media would have jumped at the chance to report it.

    Oh well, it is what it is and anyone other than the willfully blind can see it for what it is.

  102. Anonymostly says:

    OK, the Bud Pettigrew post has now moved up to post 125 following some deletions of other posts as explained above by Sweeps.

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