New GOP ad: "We're going in the wrong direction"

Republican vice presidential nominee Rep. Paul Ryan, of Wisconsin, makes a point to Vice President Joe Biden during the vice presidential debate at Centre College, Thursday, Oct. 11, 2012, in Danville, Ky. / AP Photo/Eric Gay

In a new television advertisement taken entirely from last week's vice presidential debate, vice presidential nominee Paul Ryan promises to reduce government spending.

In an election predominantly focused on jobs, the Romney campaign uses the ad, titled "Fiscal Discipline," in the final weeks of the campaign to highlight another aspect of the economy: government spending.

"We can't keep spending and borrowing like this. We can't just keep spending money we don't have," Ryan says in the ad. "[D]id they come in and inherit a tough situation? Absolutely. But we're going in the wrong direction! Look at where we are. The economy is barely limping along."

"Leaders run to problems to fix problems," Ryan says in another clip. "Mitt Romney is uniquely qualified to fix these problems."

[cubscout09]

You mean the VP debate where Ryan couldn't explain how the 20% tax cut is going to be funded??? If you can't fund a 20% tax cut, how are you going to cut the deficit by $4 trillion dollars???

[walkthetalk]

Well i don't agree with Mr. Ryan we are not going the wrong direction, we are in fact are like a rock that's been thrown into a pond and the ripples are radiating in all directions and it's total chaos. There is no direction.

[rayward73446]

Lyin' Ryan is right... choosing him and Romney on the ballot in November IS the wrong direction! We absolutely do not need them to return us to the problems caused by G W Bush.

[GOP-R--Con-Men]

It is much easier to destroy something than to repair/restore it.

Republicans along with Bush/Cheney destroyed the country and looted our treasury. They block legislation to make corporations, big oil, big pharma and the super rich pay their fair share to restore revenue. They want you to replace President Obama with Romney as they continue fight and block anything to help struggling Americans and revive the economy.

Republican behavior is nothing short of treasonous including their bogus voter I.D. laws designed to strip voters including longtime voters of their right to vote by making it unreasonably difficult to obtain the added paperwork new I.D. laws require to vote. That alone is reason enough not to vote for the republican party which has thrown our constitution in the trash. In fact republicans have more allegiance to the GOP and Grover Norquist than our constitution.

[GOP-R--Con-Men]

Treasonous republicans sabotage any legislation to help struggling Americans. Republicans use their publc office to sabotage voters rights with bogus voter I.D. Laws. Republicans created a artificial crisis about raising the debt ceiling. Republicans caused America's credit rating to be downgraded for the first time in history. Republicans passed a bogus law to bankrupt the U.S. Post Office in order to allow corporations to take business from it at a higher cost to users and tax payers.

Republicans voted against The Affordable Care Act without offering anything better to replace it. Republicans voted against allowing medicare to use it's vast buying power to buy drugs at lower prices.

Republicans have shown they are not in office to represent ordinary Americans. Ordinary Americans must show republicans that they will not be rewarded for working against struggling Americans.

[jenions]

Well said - about time.

[audemus]

Well....it's about time these fruit-cakes admit that they're going in the wrong direction.

[ludvig1-2009]

Spending is not the problem. Revenues are. They have been ever since Ronald Reagan said we should tax the man behind the tree. That man behind the tree turned out to be your kids and grandkids because you wanted tax cut after tax cut after tax cut and what do these Repuglicans promise another tax cut? They are idiots and the American people are buying into it because they are just as greedy and stupid as the Republican party is. Abe Lincoln started an income tax system to pay for the civil war. Bush went off to 2 wars and cut taxes so we just put it on the bill. Republicans claim to be the party of fiscal responsibility but they are in fact the party of fiscal insanity and poor governance. Let's go back to the tax rates of President Eisenhower. Times were good then as I recall for the middle class. Today times are good for the super rich only.

[siberian99]

How can Mitt be uniquely qualified when his own state was 47th in job growth? And his claim to fame is being the leverage buyout king... destroying companies from the inside out ...giving big bonuses to the CEO's and firing workers and sending jobs overseas .... finally bankrupting the companies and taking a huge payday for him and his buddies at Bain Capital ... no wonder why he won't give any more tax returns... he doesn't want us to know how much he got and all the taxes he avoided in paying through loopholes.

[nearl451]

The reality is we have been going the wrong direction for the past 31 years.

Obama years (although characterized by the "other" side as radical) is merely a stabilization period.

That is, it has not reversed any damage of the last 31 years of deregulation and neoliberal economic fad.

So why did supply side giveaways work so much better in the 1980's than in the 2000's or now? Because money was in short supply relative to demand then. We are swimming in uninvested money now. Now the issue is a world wide demand shortage - EU is not expanding, US is not expanding fast enough, the rest of the world is revising growth down.
AND the supply side stuff did not grow economy enough to pay for the giveaways in tax breaks. That is they increased dramatically the deficit and debt (no different than pure spending without increasing revenue does). And revenue lost to the top is at best 70% spent driving the economicdemand.

If ever there were a worldwide economic time when Keynesian economics made sense (grow demand through infrastructure programs -- or other bottom up stimulus). I realize this does not close short term deficits either).

[1ATL1]

Recovery no matter how painfully slow is the right direction. Its a shame only half of congress are willing to help row the boat. They think if they don't like the Captain hired by the American people they can mutiny and sink the ship, and blame it on the captain. How does that not equate to treason? Recovery is the right direction. Adapting the exact same polices that damn near sunk the ship is not. Prove to me the DJIA hasn't nearly doubled, prove to me that we are still bleeding jobs like we were at the end of Bush's term. Prove to me Bin Laden isn't dead. Prove to me that as a nation that we are not better off that we were in Jan 2009 when Obama took office. When you provide that proof I'll shut up.

[jenions]

thanks, appreciate your post.