Saturday, Paul Ryan began punching holes in Obama’s economic record, as he formally joined Mitt Romney's ticket as his VP running mate.
Ryan told a throng of cheering supporters that Obama has a "record of failure" and promised to speak "truth" to America's problems and put the nation back on course.
"We can turn this thing around," shouted Ryan as he and Romney joined forces to become the 2012 Republican ticket, according to a Fox News report.
Ryan, a 42-year-old U.S. congressman from the battleground state of Wisconsin, gave his first speech as the VP candidate with the retired battleship USS Wisconsin as a backdrop. His powerful opening speech served as the kick-off for a Romney-Ryan bus tour during which the Republicans will compare Obama’s existing policy record to their vision and economic policies.
An exuberant crowd chanted "USA, USA" in Norfolk, Virginia as Ryan extolled the virtues of free enterprise and described economic woes that have plagued the country under Mr. Obama’s administration.
Ryan sharply criticized Obama’s economic and foreign policies highlighting the coming political battles that will decide the presidency. Ryan can be reserved and policy orientated, however his break-out speech left little doubt that he'll be playing hardball on offense for Romney.
Ryan said the Obama administration is "more worried about their next election than they are about the next generation," and claimed nearly four years of Obama's "misguided policies" are to blame for the country's stalled economy.
"No one disputes that President Obama inherited a difficult situation. And, in his first two years, with his party in complete control of Washington, he passed nearly every item on his agenda. But that didn't make things better," Ryan said. "In fact, we find ourselves in a nation facing debt, doubt and despair. ...
"Whatever the explanations, whatever the excuses, this is a record of failure," Ryan said.
While the Democrat-controlled Senate hasn’t passed a budget in years and not one Democrat would vote for Mr. Obama’s budget proposal, Ryan’s budget proposal easily passed through the House.
Ryan’s proposal would overhaul Medicare and Medicaid while Mr. Obama’s administration has cut Medicare by hundreds of billions of dollars without making the entitlement solvent. Predictably, Democrats have labeled Ryan’s House budget as extreme. However Ryan has not wavered from his plan as the blueprint to cut an ever-growing deficit fueled by massive entitlement spending, according to a CNN report.
"We promise equal opportunity, not equal outcomes," Ryan said of his economic plan.
Mitt Romney called his new running mate a man of "steadiness" and "integrity" as he introduced him. Romney praised Ryan as an "intellectual leader" of the party who is prepared to lead and optimistic about the future.
"He doesn't demonize his opponents. He understands that honorable people can have honest differences and he appeals to the better angels of our nature," Romney said. "He's never been content to just curse the darkness. He'd rather light candles."
The Obama campaign made their official response to the Ryan selection Saturday by attacking his plan to overhaul Medicare.
"The architect of the radical Republican House budget, Ryan, like Romney, proposed an additional $250,000 tax cut for millionaires, and deep cuts in education from Head Start to college aid. His plan also would end Medicare as we know it by turning it into a voucher system, shifting thousands of dollars in health care costs to seniors," the campaign said. "As a member of Congress, Ryan rubber-stamped the reckless Bush economic policies that exploded our deficit and crashed our economy. Now the Romney-Ryan ticket would take us back by repeating the same, catastrophic mistakes."
Meanwhile, under Obama, the U.S. deficit has increased by about $5.6 trillion while unemployment has remained above 8 percent and prices at the gas pump have increased substantially. As for foreign policy, Mitt Romney says Obama lacks any comprehensive foreign policy.