Mitt Romney announced this weekend that Paul Ryan would be his running mate in the 2012 election.
At first blush, the mainstream media thought Romney had mistaken Ryan for Palin.
Then people speculated that Romney, like McCain, wanted to choose a Maverick, and “energize the base.” Like John McCain, Mitt Romney hopes that his Vice Presidential pick will help him rise in the polls. Yet Ryan doesn’t have the number of children Palin does, he doesn’t have the same tongue appeal of Palin,
he doesn’t wink,
and nobody wants to catch his kisses!
Ryan doesn’t even have any leopard skin shoes!
Romney is behind in the polls and given his choice of Paul Ryan, it appears likely that he will lose the election. The assumption of the American people is that Romney WANTS to be the President. If he wanted to be the President, surely he would have shown better judgment in selecting a running mate. Surely he would have selected someone with experience in something other than making money on inside information. Surely he would have selected someone who would be ready to respond if the phone range at 3:00 am. So, we should consider the possibility that Mitt Romney was covering his bases in the selection of Paul Ryan. If Romney wins in November, Ryan helps Romney invest his money while President. If Romney loses in November, Ryan helps Romney invest his money while NOT President.
You think this is a joke? Think again. In the last 10 years Ryan’s net worth has increased by 130%. That was an increase during a decade marked by a deep recession and a volatile stock market.. Romney’s net worth is estimated to be $250,000,000.00.Romney is only 65 years old. If he lived to be 85 years old, and increased his net worth by 130% every 10 years, Romney would be a billionaire by the time of his death. (increase of $325,000,000 the first decade, and increase of $747,500,000 the second). Ryan has a few tricks he could use to ensure this return on investment. Ryan’s first idea is to eliminate the payment of all taxes by Romney. In Ryan’s 2010 budget he proposed for the United States he eliminated all taxes on capital gains, interest, and dividends. Romney would benefit from this plan as he has no income from a job, and instead relies on money made off of investments, like capital gains on the sale of stock, interest income, and dividends paid.
The second advantage of having Ryan as an investment advisor is that he has access to secret information available only to the people in government with inside information. By way of example, see the article documenting the trades of Paul Ryan based on information only available to a select few within the government. While Ryan used information obtained through this meeting, which was clearly unethical, he stated:
“Insider trading should never occur and should never be tolerated. This is why I was pleased to support the House amendment to the STOCK Act, which represents a bipartisan effort to preserve the public trust by increasing the oversight and transparency associated with financial disclosures.”
It’s great to have an investment advisor who isn’t ethical, but says he is. It’s like producing two years of tax returns, and saying that you have provided your tax returns.
Speaking of tax returns, Mitt Romney has indicated that he is unwilling to produce more than two years of tax returns, but when vetting his potential running mates, he required that they produce a “bunch” of tax returns.
At least if Romney doesn’t win in November he can make a new reality television series, “Who Wants to be a Billionaire.”