Right-Wing Media Embrace Ryan’s SOTU Response — But Economists Disagree

Right-Wing Media Embrace Ryan’s Speech

Hoft Calls Ryan’s Speech A “Home Run!” In a January 25 Gateway Pundit post, Jim Hoft called Ryan’s speech a “Home Run” and stated, “Let’s face it. Ryan is presidential.” [Gateway Pundit, 1/25/11, emphasis in original]

Luntz: “Paul Ryan Seems To Be The Star.” On Fox News’ Fox & Friends, Fox News contributor Frank Luntz conducted a panel discussion on the president’s State of the Union address and Ryan’s response. After several of the panelists reacted positively to Ryan’s speech, Luntz declared, “Barack Obama was the focus, but Paul Ryan seems to be the star.” [Fox News, Fox & Friends, 1/26/11]

Perino: Ryan “Focused On The Thing That Americans Are Caring About Most Right Now”: Jobs And Cutting Spending. On Fox News’ America’s Newsroom, Fox News contributor Dana Perino stated that Ryan’s speech “focused on the thing that Americans are caring about most right now, which is how do we create more jobs and how do we cut more spending?” Perino further stated that Ryan’s and Rep. Michele Bachmann’s speeches “focused like a laser beam on that.” [Fox News, America’s Newsroom, 1/26/11]

Rove Calls Ryan’s Speech A “Candid, Adult-Like Conversation With The American People.” On America’s Newsroom, Fox News contributor Karl Rove stated that Ryan’s speech “was an effective response” and a “candid, adult-like conversation with the American people focused on one issue: what this deficit and debt and spending is going to do to our country if we don’t stop.” Rove further stated that Ryan made “moral argument for why it is important for us to limit the size of government, to reign in the spending and deficits.” [Fox News, America’s Newsroom, 1/26/11]

Hemmer: Ryan Set “Solid, Serious Tone, Necessary For The Nations [Sic] Moment. … America Could Afford More Like Him.” In a January 25 tweet, Fox News host Bill Hemmer stated: “Paul Ryan … Solid, serious, tone, necessary for the nations [sic] moment.” In a separate tweet, Hemmer stated that Ryan “[is] not afraid to sweat the small stuff, the detail … America could afford more like him.” [Bill Hemmer Twitter feed, 1/25/11, 1/25/11]

But Economists Disagree With Ryan’s Claim That Stimulus “Failed”

Ryan Claims That The Stimulus “Failed.” From Ryan’s speech:

RYAN: The facts are clear: Since taking office, President Obama has signed into law spending increases of nearly 25% for domestic government agencies – an 84% increase when you include the failed stimulus. [Ryan speech as prepared for delivery, 1/25/11]

Economists: “The Effects Of The Fiscal Stimulus” On Economy “Appear Very Substantial.” A recent study by Alan Blinder, the president of Bill Clinton’s Council of Economic Advisers, and Mark Zandi, the co-founder of Moody’s Economy.com, simulated the “macroeconomic effects of the government’s total policy response” to the recent economic downturn and found that “the effects of the fiscal stimulus alone appear very substantial, raising 2010 real GDP by about 3.4%, holding the unemployment rate about 1½ percentage points lower, and adding almost 2.7 million jobs to U.S. payrolls.” Additionally, as Media Matters has noted, numerous economists surveyed have agreed that the stimulus boo