How the Ryan pick has reshaped the campaign

NBC FIRST READ - There was always a definite upside to Mitt Romney picking Ryan Paul as his running mate...

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From NBC’s First Read:

From Chuck Todd, Mark Murray, Domenico Montanaro, and Brooke Brower.

 FIRST THOUGHTS.

*** The economy takes a back seat: There was always a definite upside to Mitt Romney picking Ryan Paul as his running mate: You make the presidential contest about a big clash of ideas; Romneys campaign is now about something. But there also was an obvious downside for Romney: You turn the race into a conversation about Medicare, entitlements and the role of government, relegating a discussion about the economy to the back seat — at least for the time being. Yes, Romney talked about the economy yesterday in Florida. And yes, Ryan talked about it in Iowa, too. But what was yesterdays dominant political story? Medicare. Whats the subject of the Romney campaigns heavily played TV ad? Welfare (which is a role-of-government issue). Whats the subject matter of its latest TV ad? Criticizing the Obama campaign over that pro-Obama Super PAC advertisement. And what does todays official news that New Jersey Gov. Chris Christie will be delivering the keynote at the GOP convention suggest? Were coming after government. (After all, New Jerseys unemployment rate stands at 9.6%, well above the national average.) For now, the issue of the economy is no longer driving this presidential contest. And you have to ask yourself: Which campaign benefits the most from that?

Related: How Ryan pick will keep demographic divide in place

*** As GOP consultants start wringing their hands: Speaking of, Politico is the latest to note plenty of GOP handwringing about the Ryan pick. Said Mark McKinnon in the piece: “I think its a very bold choice. And an exciting and interesting pick. Its going to elevate the campaign into a debate over big ideas. It means Romney-Ryan can run on principles and provide some real direction and vision for the Republican Party. And probably lose. Maybe big.” A GOP consultant added in the article: “Whether or not they [the Romney campaign] want to say that they have their own plan on Day One, or whatever theyre doing, it doesnt change the reality of them having to own the Ryan plan. How is that in the wheelhouse of creating jobs?” Another one said, “The most popular phrase in Washington right now is: I love Paul Ryan, but…’” The same consultant went on to say, “If they win the battle to define Medicare, then I believe Romney wins the presidency. If they lose it, then they lose big in the fall.” Keep this in mind: For the past six months, Republican strategists have been devising a campaign that was focused on running against the Obama economy and inoculating themselves on the Ryan budget because of Medicare. Most of these Republican campaigns were looking for ways to distance themselves from the Ryan budget without alienating the base. They no longer have that option, which is why theres so much GOP handwringing.

*** Trying to have it both ways: Yesterday in Florida, as NBCs Garrett Haake noted, Romney told reporters that he couldnt think of how his views on Medicare differed from Paul Ryans. “[M]y plan for Medicare is very similar to his plan, which is Do not change the program for current retirees or near-retirees but do not do what the president has done and that is to cut $700 billion out of the current program.” But there was one hitch: It turns out that Ryans budget assumes those same $700 billion in Medicare cuts. And that revelation forced the Romney campaign to issue this statement yesterday distancing itself a bit from Ryans budget: “Mitt Romney and Paul Ryan have always been fully committed to repealing Obamacare, ending President Obamas $716 billion raid on Medicare, and tackling the serious fiscal challenges our country faces… A Romney-Ryan administration will restore the funding to Medicare.” So lets get this straight: Romney couldnt name a difference with Ryan on Medicare — until his campaign found out that Ryans budget contradicted his top defense against the Democrats Medicare attacks (“Obama cut Medicare, too!”).

*** Wind vs. coal: Todays messaging battle on the campaign trail will be over energy — wind vs. coal. In remarks hell deliver in Iowa today, President Obama will discuss his support (and Mitt Romneys opposition) to tax credits for wind-energy companies. “Thirty-seven-thousand jobs across this country … depend on wind energy, including 7,000 jobs in Iowa, more than in any other state,” the Obama campaign says in an email. Already, Iowa Republicans like Gov. Terry Branstad have criticized Romneys campaign for opposing these tax credits, calling his staffers a “bunch of East Coast people that need to get out here in the real world to find out what’s really going on.” Ouch. Meanwhile, as Romney stumps in eastern Ohio today, hell hit Obama on coal. The presumptive GOP presumptive nominee “plans to discuss a long-simmering coal country gripe about congressional Democrats and the White House,” the Cleveland Plain Dealer report. “President Barack Obama, says Romney as well as other Republicans, is using a misguided regulatory and environmental crusade to take the jobs of coal miners in the hills and valleys near the Ohio River.”

*** Christie, Rubio officially get their roles at the GOP convention: As mentioned above, Gov. Chris Christie told USA Today that hell deliver the keynote address at the GOP convention; NBCs Jamie Gangel was the first to report about Christies keynote role at the convention. The New Jersey governor told USA Today that “he plans to make an emphatic argument on behalf of GOP approaches and shared sacrifice to face the nation’s biggest challenges.” And weve also learned that Sen. Marco Rubio will introduce Romney on the final night of the GOP convention. The

*** This weeks 10 hottest markets: Heres First Reads weekly look at this weeks 10 hottest advertising markets in the presidential contest (in terms of advertising points from 8/13 to 8/19). Our big takeaway: Iowa, Iowa, Iowa. Four of the top 10 markets are in Hawkeye State — Des Moines (#3), Cedar Rapids (#7), Quad Cities (#8), and Sioux City (#9). Also, Team Romney (the campaign, RNC, outside groups) is outspending Team Obama by more than 2-to-1, $25 million to $11 million.

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