Mitt Romney’s campaign wasted little time in capitalizing on Joe Biden’s maniacal performance in last Thursday’s vice presidential debate, creating a new television ad that starkly contrasts Paul Ryan’s calm and confident position on taxes with Biden’s Jokeresque performance. Cutting between an earnest and determined looking Ryan, and a smirking, giggling Biden, the ad quotes Ryan from the debate:

We can’t keep spending and borrowing like this. We can’t just keep spending money we don’t have. Look did 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.

Don’t raise taxes on small businesses, because they’re our job creators.

Leaders run to problems to fix problems. Mitt Romney is uniquely qualified to fix these problems.

Ryan is dead right. Our economy is barely limping along. Since the economy stopped losing jobs in October 2010, we have been averaging 150,000 jobs created per month. But over the last six months, job growth has slowed to just 106,000 jobs a month. Economic growth has slowed to just 1.3 percent. And a big reason why is the $500 billion tax hike that is scheduled to hit Americans starting January 1st. And that is where Biden’s laugh starts to looks so scary.

Former-Democratic National Committee Chairman Howard Dean, New York Times Executive Editor Bill Keller, former-Democratic Gov. Jennifer Granholm, Democratic Senatorial Campaign Committee Chair Patty Murray, and Sen. Chuck Schumer, D-N.Y., have all made it clear they are willing to let the full $500 billion tax hike take effect unless Republicans agree to raise taxes on the rich. Unless the Democrats take back the House, there is no way a deal is getting done this December. If Obama wins, we will go over the fiscal cliff.

But if Romney wins, and Republicans keep the House, then there are plenty of Senate Democrats up for reelection in red states in 2014 that would be more than willing to work with a Republican president on tax reform. Today’s rates would be extended for 6 months to a year, well before January first. Then Ryan would work with Congress on long-term tax reform that simplified the code and lowered marginal rates, just like Reagan did in 1986.

The choice this November is simple: a new management team that has a real chance of creating bipartisan lasting fiscal reforms, or the same cynical partisan leadership that has gotten us into the fiscal cliff mess we are in now. No wonder all Biden can do is laugh manically.


From The Washington Examiner
Michael Barone: Biden and Obama run a campaign fit for the 1980s
Byron York: GOP hopes soar as Romney rolls in Ohio
Tim Carney: Green stimulus profiteer comes under IRS scrutiny
Phil Klein: How Biden could become Romney’s VP

Campaign 2012
Polls: A new Washington Post poll, has Obama up just three of Romney 49 percent to 46 percent. SEIU pollster PPP has Romney up by 1 in Florida, by 2 in North Carolina, but down 5 in Ohio.

In Other News
The Wall Street Journal, Global Finance Chiefs at Odds: A weekend gathering of the world’s top finance officials deepened conflicts among some of the largest economies, raising fresh doubts about their ability to find big steps quickly to boost the flagging global recovery.
The New York Times, Rebel Arms Flow Is Said to Benefit Jihadists in Syria: Most of the arms shipped at the behest of Saudi Arabia and Qatar to supply Syrian rebel groups fighting the government of Bashar al-Assad are going to hard-line Islamic jihadists, and not the more secular opposition groups that the West wants to bolster.
Gallup, Americans’ Views of Obama More Polarized as Election Nears: Thus far in October, an average of 90% of Democrats, and 8% of Republicans, approve of the job Barack Obama is doing as president. That 82-percentage-point gap in approval ratings by party is on pace to be the largest Gallup has measured for a recent incumbent president in the final month before Americans vote on his re-election.

Righty Playbook
George Will explains why we need to break up the banks.
The Weekly Standard‘s Stephen Hayes on The Benghazi Scandal.
National Review‘s Mona Charen on The Coming Romney Boom.

Lefty Playbook
Talking Points Memo reports that Robert Gibbs is promising a “more passionate” Obama in the second debate.
Think Progress reports that another CEO has threatened to fire employees if Obama wins.
The Washington Post‘s Suzy Khimm explains why we are suffering from a McJobbs recovery.