U.S. Vice-Presidential Candidate Paul Ryan at Tampa Republican Convention

By: Ian Campbell | Thu, Aug 30, 2012
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You may have watched and listened to Paul Ryan speak last evening at the Republican Party Convention. My comments:

All that said, while Mr. Ryan spoke repeatedly about job creation, he seemed focused on job creation through creation of small business in America. Small businesses tend to be service businesses. I was reminded once again of Thomas Friedman's comment in his book The World Is Flat where Friedman said something to the effect that 'if America became reliant on service businesses to grow the U.S. economy, American's would end up selling hamburgers to each other'.

Last evening I saw Mr. Ryan as an enthusiastic, sincere, well-intentioned, somewhat idealistic, high-energy young man without any real business experience (having spent the past 14 years in politics) -who on balance strikes me as a good running mate for Mr. Romney.

I was not left with warm and fuzzy feelings that Messrs. Romney and Ryan will be able to turn the Queen Mary around any time soon.

Topical References: Ryan accepts VP nod: 'Let's get this done', from NBC News, Michael O'Brien, August 29, 2012 - reading time 4 minutes.

 


 

Ian Campbell

Author: Ian Campbell

Ian R. Campbell, FCA, FCBV
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Through the Economic Straight Talk Newsletter Ian R. Campbell shares his perspective on the world economy, the financial markets, and natural resources. A recognized business valuation authority, he founded Toronto based Campbell Valuation Partners (1976), Stock Research Portal (2007) a source of resource companies market data and analytic tools, and Economic Straight Talk (2012). The CICBV* annually funds business valuation research in his name**. Contact him at icampbell@srddi.com.
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