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Lehrman Institute Chairman Lew Lehrman on Rep. Paul Ryan’s impact on the Presidential race and the issues being discussed on the campaign trail.
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Coming up though -- Our next guests as governor Romney's choice.
Running mate.
It is.
Well has him excited that he has a detailed plan for tax rate reduction economic growth entitlement reform balancing the budget.
And joining us now Wall Street -- American historian was slamming former Morgan Stanley partner chairman of -- -- institute author of the book the true gold standard.
-- guts it's good to see it's been too long.
What media outlets are worth Paul Ryan.
-- -- knowing how your thoughts.
An outstanding.
I have to say young -- and 42 years well yes and -- while he's been a seven term congressman.
As a teenager he spent more.
-- time in the private sector working for McDonald's and Obama ever spent.
Working in a real job is entirely.
If -- it very impressive it seven term -- a span is 42.
-- he wasn't there just -- from around in his late twenties once there he was inspired young man early on and not least.
Because -- hardship is daddy died.
-- when he was young -- had to get a job went to work at McDonald's.
But then I think somehow the vocation.
Politics and public policy.
Took over and then he went to work -- Jack -- Very early in his.
-- you first -- it yes.
And and and Jack -- I mean here's -- -- -- here is a conservative.
Our -- -- about economics or politics and conservative and a man who was given to.
Our innovative thinking and and bright ideas about how to to push ahead economic growth and prosperity.
It and of course seeing.
He made those views known everybody remember.
The enterprise zones that was one of his right.
Among yes many other parts of his -- Jack was.
Any.
-- -- Exciting me and he was a man -- turned on.
A buffalo which was a democratic stronghold for and -- tired -- losses front Roosevelt he won the one buffalo.
I every two years.
In in in a big way he did it because he was a pro growth.
Republican he was there at the cheerful guys well.
If you say -- I I just from my partner others -- great comparison between the two Jack Kemp.
And Paul Ryan -- that energy the charisma.
And the obvious if you will that happy warrior.
Purse on that they bring to politics.
Very phrase I was looking for the happy warrior I mean used to be a phrase that was applied to Franklin Roosevelt in his -- years.
Jack Kemp was a true happy warrior a free markets free enterprise and economic growth.
We are now talking about Medicare we're talking about the -- advantage plan we're talking about.
We're talking about things in the weeds right now.
On Medicare entitlements.
Budgets.
That I don't think anyone really are we really get two for at least if we did another -- Mumford to.
And here we are in people across the medium -- their business media where they're popular media.
Are having to contend with real -- suddenly and its -- -- as an even -- week does that surprise you.
Not as a result of Paul -- -- been selected this man.
Unlike the -- Reagan years.
Where there was a certain indifference to deficits when America was really striving to get back -- we -- so well acquainted with him that.
We we weren't but they got very big while.
We had our eyes closed.
And mr.
Reagan had his wide open he did he hit and I think you're right President Reagan regretted that the very ended his second term.
And one of the things he had not been able to do was to close the budget deficit.
And reduce radically reduce government spending Paul Ryan.
-- pro growth Republican looking 4% growth and full employment.
He has focused on this budget problem and while for almost a generation we were taught that deficits don't matter Paul Ryan knows that they do do that.
And I think most people who were looking at point three million people unemployed underemployed.
Discourage.
When they look at one point.
5% growth in stand that there are consequences to public policy choices on budgets.
Five years of trillion dollar plus deficits sixteen trillion dollars in debt and in entitlement spending without and it is perhaps time to be on the right side of history in time for change.
Lou -- we thank you as always for being here thank you appreciate.
