Mitt Romney will name Paul Ryan as his VP

Here’s what that means

 By Ezra Klein, WashPost, Updated: August 11, 2012

1. Both Democrats and conservatives are going to get the exact debate they wanted. I’m not so sure about Republicans.

2. This is an admission of fear from the Romney campaign. You don’t make a risky pick like Paul Ryan if you think the fundamentals favor your candidate. You make a risky pick like Paul Ryan if you think the fundamentals don’t favor your candidate. And, right now, the numbers don’t look good for Romney: Obama leads in the Real Clear Politics average of polls by more than four percentage points — his largest lead since April.

3. Related point: Two of the top contenders in the Romney campaign’s veepstakes were Ohio’s Rob Portman and Florida’s Marco Rubio. Given that there’s fairly good evidence that vice presidential candidates are worth at least a point or two in their home states, the Romney campaign’s decision to pick Ryan is evidence that they feel they need to change the national dynamic, not just pick off a battleground state.

4. Romney’s original intention was to make the 2012 election a referendum on President Obama’s management of the economy. Ryan makes it a choice between two competing plans for deficit reduction. This election increasingly resembles the Obama campaign’s strategy rather than the Romney campaign’s strategy.

5. It’s worth recalling how Ryan became a semi-household name. It wasn’t a Republican strategy to put him forward. As Ryan Lizza recounts in his New Yorker profile of Ryan, it was a Democratic strategy to put Ryan forward. Ryan, he writes, “was caught between the demands of the Republican leaders, who wanted nothing to do with his Roadmap, and his own belief that the Party had to offer a sweeping alternative vision to Obama’s. Ryan soon had an unlikely ally, in Obama himself.” While Republicans were trying to keep Ryan quiet, the Obama administration was trying to make him famous. They saw his plans as the clearest distillation of the GOP’s governing philosophy — and they thought it would drive voters towards the Democrats. We’ll know in November whether that was a genius strategy or an epic miscalculation.

(More here.)