Open thread and live feed: Paul Ryan speaks out against class warfare

posted at 9:30 am on October 26, 2011 by Ed Morrissey

The Heritage Foundation will host Rep. Paul Ryan’s speech this morning, previewed by Allahpundit last night, which starts at 10 am ET this morning. Thankfully, we can embed the stream here at Hot Air, so let’s open up a thread for Ryan’s address:

Watch live streaming video from thfallison at livestream.com

While we wait for Ryan to speak on Barack Obama’s new political strategy, let’s take a look at whether Obama can even do class-warfare successfully. Obama promised that his initial plan in 2009 would help up to 9 million homeowners stave off foreclosure, but it’s actually only helped less than a million. Wolf Blitzer grills Jay Carney on this point, which the GOP is now passing around:

Just to be clear, Obama’s new plan does not help people who are facing foreclosure, since one of its prerequisites is that homeowners cannot have missed more than one payment in the last twelve months and must be caught up on their payments. It will help people whose mortgages exceed their equity by simply stretching out the mortgages for a longer period, allowing them to pay less each month on the mortgage — and supposedly that will get them to spend an extra hundred dollars or so a month and boost the economy. It’s the Cash for Clunkers approach again, only with some ersatz class-warfare rhetoric tossed in, even though this isn’t helping anyone keep their house at all.

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. . . and now he’s out throwing around our tax money in an attempt to buy votes from the college loan crowd. This guy has no honor, shame or character.,

rplat on October 26, 2011 at 9:33 AM

Thanks Ed!

This will not get any recognition from the lsm

cmsinaz on October 26, 2011 at 9:35 AM

You know Paul, the Heritage Foundation is OK, but these speeches are more effective when given from the Oval Office.

Mark1971 on October 26, 2011 at 9:38 AM

1 million = 9 million

/Orwell

mankai on October 26, 2011 at 9:38 AM

” ……. and supposedly that will get them to spend an extra hundred dollars or so a month and boost the economy.”

Yup, they can spend a hundred bucks on groceries that would have cost them fifty bucks a year ago. Or spend a hundred bucks on gas that would have cost them fifty bucks a year ago. Etc., etc., etc.

Good job Scooter.

fogw on October 26, 2011 at 9:38 AM

You know Paul, the Heritage Foundation is OK, but these speeches are more effective when given from the Oval Office.

Mark1971 on October 26, 2011 at 9:38 AM

Or Facebook.

fossten on October 26, 2011 at 9:40 AM

Something must be odd; the connection timed out the first time I tried this. If it posts twice, blame AlGore for inventing a buggy intertube…

It will help people whose mortgages exceed their equity by simply stretching out the mortgages for a longer period, allowing them to pay less each month on the mortgage — and supposedly that will get them to spend donate to Obama’s campaign an extra hundred dollars or so a month and boost the economy his re-election chances.

The ReWrite™ Service has been activated to reflect reality.

Steve Eggleston on October 26, 2011 at 9:42 AM

Over involvement of the Federal Government caused the problem (Community Reinvestment Act), Involvement of the Federal Government prolonged the problem (HAFA and HARP) so the obvious answer is MORE Federal Government.

When I was young, my dad told me anyone could be president of the United States. Obama proved him correct.

dirtseller on October 26, 2011 at 9:43 AM

I was watching Paul Ryan this morning on Fox Business News, he was on Imus in the Morning discussing this speech…..Imus’s is broadcasting out of 77WABC NYC, plus syndicated affiliates. It looks like there is a full court press going on by republicans, pushing back against Obama, and the astro turf Obama’s campaign team has created OWS -He who dealt it owns it. This is backfiring in their faces regular Americans – the ones who vote are being repulsed by the hobos inhabiting OWS movement across the country. Good job Dave Plouffe.

Rep Ryan: Obama Pushing Class Warfare
Rep. Paul Ryan, (R-Wis.), discusses how the president’s regulations are dividing the country and why it will weaken the economy.

Dr Evil on October 26, 2011 at 9:48 AM

Yes, but will he speak out against unions?

Notorious GOP on October 26, 2011 at 9:52 AM

I notice Carney didn’t answer Wolfie’s question at all. “What happened?” should be an easy one,..unless, of course, the president lied through his teeth in 2009.

a capella on October 26, 2011 at 9:52 AM

Good job Scooter.

fogw on October 26, 2011 at 9:38 AM

He is a little math challenged.

http://www.nationalreview.com/corner/281276/math-fun-president-obama-peter-kirsanow

a capella on October 26, 2011 at 9:55 AM

OWS riots, Obama yucking it up on The Late Show.

Says it all.

Lourdes on October 26, 2011 at 9:57 AM

Just in time! For the arguments supporting class warfare to be valid, the rich would actually have to be getting richer at the individual level (rather than at the family and household level) – it turns out that there hasn’t been any increase in inequality among individual income earners since about 1960.

ironman on October 26, 2011 at 9:59 AM

OT:

October 26, 2011 – Pizza Magnate Leads GOP Presidential Pack In Ohio, Quinnipiac University Poll Finds; Romney Stalled As Perry Vanishes
http://www.quinnipiac.edu/x1322.xml?ReleaseID=1666

Cain leads a three-man race with 40 percent, followed by Romney at 33 percent and Perry at 10 percent.

Pizza Magnate? No Bias there huh.

Colbyjack on October 26, 2011 at 10:00 AM

“That’s what he promised…”

That was Obama reading lines someone else wrote. Apparently, Obama will and has said anything that gets applause, without regard for reality, morality, ethics, context. He’s out for applause, meaning, votes and money and not in that order.

Lying is written about people with ethics. I doubt Barack Obama has few that most the rest of us could recognize. His mouth moves, that’s about all that can be said about him, past AND present.

Lourdes on October 26, 2011 at 10:00 AM

Maybe he’ll endorse Cain ;)

MeatHeadinCA on October 26, 2011 at 10:00 AM

OT:

October 26, 2011 – Pizza Magnate Leads GOP Presidential Pack In Ohio, Quinnipiac University Poll Finds; Romney Stalled As Perry Vanishes
http://www.quinnipiac.edu/x1322.xml?ReleaseID=1666

Cain leads a three-man race with 40 percent, followed by Romney at 33 percent and Perry at 10 percent.

Pizza Magnate? No Bias there huh.

Colbyjack on October 26, 2011 at 10:00 AM

Yes. They might just as well have referred to Cain as “boy” (“pizza boy leads three-way race…”).

Lourdes on October 26, 2011 at 10:02 AM

Pizza Magnate? No Bias there huh.

Colbyjack on October 26, 2011 at 10:00 AM

You’re right. They’re so biased in favor of Cain calling him a magnate.

/

Doughboy on October 26, 2011 at 10:05 AM

For those of you whose workplace filters are blocking the livestream, Conn Carroll just posted the text-as-prepared.

Steve Eggleston on October 26, 2011 at 10:06 AM

Steve Eggleston on October 26, 2011 at 10:06 AM

Or if the livestream keeps skipping and buffering.

Abby Adams on October 26, 2011 at 10:09 AM

Ryan agrees with the ephemeral ØBlama …. 2008 version

ExpressoBold on October 26, 2011 at 10:10 AM

Ø sez: “I’m gonna decide what’s fair…”

ExpressoBold on October 26, 2011 at 10:14 AM

Facts just confuse leftists. They just want to know who to string up.

RBMN on October 26, 2011 at 10:23 AM

Ryan is pure awesomeness I tell ya

cmsinaz on October 26, 2011 at 10:25 AM

Beautifully stated – but blistering. Ryan is really handing it to BO.

Excellent.

Cody1991 on October 26, 2011 at 10:25 AM

Ryan is no doubt one of our brightest stars…he will be president one day, and we will be better for it.

right2bright on October 26, 2011 at 10:26 AM

Draft this man for President. It doesn’t matter he doesn’t want the office. His country needs him.

troyriser_gopftw on October 26, 2011 at 10:30 AM

he will be president one day, and we will be better for it.

right2bright on October 26, 2011 at 10:26 AM

It might be too late by then.

Mark1971 on October 26, 2011 at 10:31 AM

I keep saying that Ryan needs to be on the ticket as VP. He’s just as brilliant as Newt, but he’s got a more likeable and personable tone.

Doughboy on October 26, 2011 at 10:32 AM

I had chills by the end. I know there are a lot of doubters on this site, but I still really wish he was running.

walnut on October 26, 2011 at 10:37 AM

This guy has no honor, shame or character.,

rplat on October 26, 2011 at 9:33 AM

Truer words never spoken. Also, I used to think that there could be no bigger weasely, smarmy, d0uchebag than Robert Gibbs in the position of press secretary. I was wrong.

Dopenstrange on October 26, 2011 at 10:37 AM

In business, Democrats love to pick winners and losers. We should instead let the market sort that out. Washington’s mostly-geriatric political glad-handers are the least qualified to do it.

RBMN on October 26, 2011 at 10:40 AM

The Q & A is pretty dang good

cmsinaz on October 26, 2011 at 10:47 AM

Ryan is no doubt one of our brightest stars…he will be president one day, and we will be better for it.

right2bright on October 26, 2011 at 10:26 AM

1970-71 was a good year for conservative births.
(Ryan, Rubio, Jindal…me. LoL*runs*

annoyinglittletwerp on October 26, 2011 at 10:48 AM

No stuttering. No uh, uh, uh….. fillers. Clear, concise, succinct.

BO looks like a dunce compared to Ryan. No wonder he despises Ryan.

Cody1991 on October 26, 2011 at 10:49 AM

When was the last time a US politician quuetioned about a papal letter or encyclical? Congressman Ryan handled it well.

GreenBlade on October 26, 2011 at 10:51 AM

This is the guy who should be president.

cpaulus on October 26, 2011 at 10:54 AM

Paul Ryan rocks. The speech and Q&A were amazing.

The rest of the GOP needs to sit back and take notes.

beatcanvas on October 26, 2011 at 10:55 AM

This is the guy who should be president.

cpaulus on October 26, 2011 at 10:54 AM

Yes.

walnut on October 26, 2011 at 10:56 AM

Rep. Ryan is very persuasive, to bad he doesn’t have the podium that azz in the White House has.

Cindy Munford on October 26, 2011 at 10:56 AM

1970-71 was a good year for conservative births.
(Ryan, Rubio, Jindal…me. LoL*runs*

annoyinglittletwerp on October 26, 2011 at 10:48 AM

You better run (just follow my blocking).

Steve Eggleston on October 26, 2011 at 10:57 AM

Awesome. More of that from the rest of the GOP, please.

rcpjr on October 26, 2011 at 10:57 AM

I’m about to call my husband and tell him we’re through. I’m in love with Paul Ryan and that’s all there is to it.

Naturally Curly on October 26, 2011 at 10:58 AM

The GOP bench is strong and deep.

Too bad we have to wait.

jake-the-goose on October 26, 2011 at 11:03 AM

Ryan was *great*. He is so impressive, but it’s also disheartening that he is so very exceptional.
I like to think “I get done by noon what Paul Ryan gets done by 5:30 a.m.” – it makes me feel so accomplished!
I am newly unemployed, but I’m glad it means I can watch streaming videos during the day. I missed Gov Quinn’s “smartgrid” news conf. though. I’m sure if there is enough money passed around, it will go through, though, so no worries there.

yocheved on October 26, 2011 at 11:10 AM

Had we moved to Janesville-our second choice-rather than Lubbock, Ryan would’ve been our congressman.
While I’m still glad we’re in TX rather than Wisconsin-there’s no denying that Ryan is a mensch!
The world can never have too many menschen!

annoyinglittletwerp on October 26, 2011 at 11:10 AM

I am newly unemployed, but I’m glad it means I can watch streaming videos during the day. I missed Gov Quinn’s “smartgrid” news conf. though. I’m sure if there is enough money passed around, it will go through, though, so no worries there.

yocheved on October 26, 2011 at 11:10 AM

If Quinnykins proposed it…it ain’t smart.
I am SOOOO glad we’re now former Illinoisans.

annoyinglittletwerp on October 26, 2011 at 11:11 AM

I just heard a radio ad by Paul Ryan. Sign a Petition at:

http://www.stopforceddues.com

It was a great explicit radio ad about National Right to Work Issues. I think this needs to get out to as many as possible.

bluefox on October 26, 2011 at 11:31 AM

For those of you whose workplace filters are blocking the livestream, Conn Carroll just posted the text-as-prepared.

Steve Eggleston on October 26, 2011 at 10:06 AM

Thank you for the link. I missed most of the live stream and the text was so helpful.

bluefox on October 26, 2011 at 11:33 AM

Paul Ryan rocks. The speech and Q&A were amazing.

The rest of the GOP needs to sit back and take notes.

beatcanvas on October 26, 2011 at 10:55 AM

Yes, especially those that compromise with B.O. R Leadership and the other lifetime R’s that put their Country after their own self interests.

bluefox on October 26, 2011 at 11:37 AM

This statement from the prepared text of Paul Ryan’s speech says it all:

That’s the real class warfare that threatens us: A class of bureaucrats and connected crony capitalists trying to rise above the rest of us, call the shots, rig the rules, and preserve their place atop society. And their gains will come at the expense of working Americans, entrepreneurs, and that small businesswoman who has the gall to take on the corporate chieftain.

G_d Bless Paul Ryan as he continues his work. An American Patriot that does the work his House Leadership and the Senate Leadership won’t do.

bluefox on October 26, 2011 at 11:45 AM

Full Speech and Q&A: Watch Paul Ryan’s speech at the Heritage Foundation

http://www.therightscoop.com/10am-watch-live-paul-ryans-speech-at-heritage/

bluefox on October 26, 2011 at 11:48 AM

bluefox on October 26, 2011 at 11:48 AM


Thanks for the link — missed it earlier.

Demosthenes on October 26, 2011 at 12:03 PM

Maybe he’ll endorse Cain ;)

MeatHeadinCA on October 26, 2011 at 10:00 AM

haha

MeatHeadinCA, you and I rarely agree on Romney but I am fair and give props to when something is funny and that was hilarious!

g2825m on October 26, 2011 at 12:34 PM

This program is structured for failure on purpose. This way the Obama Administration can “prove” that banks have to “adjust” principal amounts for anyone to truly be helped. They want to force the banks to ultimately write down the owed mortgage amount balances so folks can keep their homes.

If they are successful, the home market will collapse.

With this new program, if someone has a 200,000 balance on their home (and is paying 7%) and the home now is only worth $150,000, but they have been paying down the balance for say, 6 years on a 30 year term, they can now get a new $200,000 loan at a 3.5% rate, but will now have a brand new 30 year term instead of a 24 remaining month term.

This might help with the payment, but the overall costs will go UP.

it is a flawed plan that ultimately HURTS the homeowner.

Opposite Day on October 26, 2011 at 1:53 PM

I keep saying that Ryan needs to be on the ticket as VP.

Doughboy on October 26, 2011 at 10:32 AM

Ryan’s seat is safe. A Republican President is going to need him where he is.

Ryan’s got plenty of time to get in the big show later.

Jason Coleman on October 27, 2011 at 2:18 AM