Republican Vice Presidential candidate Congressman Paul Ryanthinks the Federal Reserve is making a mistake in its...http://dlvr.it/29FBhx
9:25 AM - 16 Sep 12 · Details
Rep. Paul Ryan stop outside Tampa on campaign trail
Ryan pushes against president's economic policies
Published On: Sep 16 2012 09:05:46 AM EDT
Rep. Paul Ryan's Office
Republican Vice Presidential candidate Congressman Paul Ryan thinks the Federal Reserve is making a mistake in its new effort to prop up the economy.
Ryan spoke to a rally along Tampa Bay's shore Saturday, focusing in on President Obama's handling of the economy. He said the Federal Reserve's plan to spend $40 billion a month to buy mortgage bonds in an effort to keep interest rates low won't work.
He said the move will help banks and Wall Street but won't actually help people.
"We don't need sugar high economics. We don't need synthetic money creation. We need economic growth. We want wealth creation. We don't want to print money, we want opportunity and growth," Ryan told the crowd.
The Wisconsin congressman and top budget writer in the House said Obama inherited a bad situation and made it worse.
He stressed how important Florida, with its 29 electoral votes, is in electing GOP nominee Mitt Romney.
Both Romney and President Obama will be back Florida during the week to rally the vote. Romney will speak at University of Miami on Wednesday and host a question-and-answer session, with portions in Spanish. The president will hold a similar event the next day.
