Saturday, August 11, 2012

Charles Parker: The Risk of Venture Conservatism

“We promise equal opportunity, not equal outcomes.”

Congressman Paul Ryan said those words in his speech as he accepted Mitt Romney’s offer to run for Vice-President.

They are gutsy words to say at the beginning of a campaign.  They are gutsy words to say at any time in a campaign.  But those words say a lot about Mitt Romney and his choice of running mate.

Romney is a “risk versus return” kind of guy.  It has been his life’s pattern.  It is how he made his money.  It is how he made career decisions. It is how he approached this important pick.  And it came down to both politics and policy.

There were political risks with some of the others. 

Pick Rubio or Portman and you risk losing those US Senate seats in special elections.  Those seats are needed for a majority and a shot at Obamacare repeal.

Pick McDonnell or Jindal and you risk losing their gubernatorial connections.  McDonnell can concentrate on Virginia. Jindal can solidify the Deep South.

Pick Pawlenty and you risk being called boring.  Pick Christie and you risk a daily sound bite of trouble.

Romney collected and disaggregated the data and picked Ryan. The risk factor with Ryan though leaves the politics and leaks over to the policy.  And it is in policy the “vision thing” that Romney has now cast his lot.

“We promise equal opportunity, not equal outcomes.”

It is venture conservatism.  And it is risky.

Romney has decided that he will fight this battle on GOP terrain.  It will be about deficits and debt, it will be about lowering tax rates to spur growth, and it will be about reforming Social Security, Medicare, and Medicaid.

He will say that we have to make the business climate conducive to those who take risks so that everyone else can share in the return.  He will admit that some will succeed and others will not.  He will assert it is the only way out of this mess we are in.

And also – by picking Ryan – he is signaling that this is not a short-term fix.  Ryan is only 42 years old.  Romney is banking on a 16-year transformative run to set the country on a sustainable course.

On the other side, President Obama and his Super Pacs will wage class warfare.  They will talk about fairness and shared sacrifice. They will accuse Romney and Ryan of being heartless toward and clueless of the middle class and the poor and women and Hispanics.

But the fact is simple.  Romney and Obama are basically fighting over 6% of the vote in four states: Ohio, Virginia, North Carolina and Florida.

So after a steady calculus, Romney believes the return on his Ryan investment will be that swingers in those states will understand and appreciate those gutsy words and will support the policies that will bring them to bear.

You can also follow Charles Parker on Twitter @cpbrevard and on BlogTalkRadio from 8:00 - 9:00 pm Sunday evenings -

1 comment:

  1. It's a great plan for you conservatives Charles, but the RR team will never be elected, because no matter how many times they repeat the lies, the people won't swallow it. They're out to gut the country of the middle class and poor and give it all to the 1% and the big corporations. I can't wait for the movie HEIST to come to Merritt Square...