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You don't have the caricature of paul ryan now to talk about. you have to deal with paul ryan. and i very much look forward to that biden/ryan debate. >> we'll get to that in a money. your first impression, rich lowry, among the high-profile conservatives really putting pressure down the stretch here to pick ryan. >> yeah. i think it's a pick that really speaks well for mitt romney. shows he has a good eye for talent. shows he is bolder and more creative than some of us, even supporters of his had given him credit for. and shows, david, a real commitment to getting some big things done. and he...

Build -- >> bill bennett, let me get you in here. >> it's a little more complicated, though. let's bear in mind that you had the ryan rivlin program, bill clinton's omb director, they came together on the medicare program. on the premium support proposal of paul ryan he's got an interesting ally in ron widen. we'll see how much pressure is put on ron widen this way. what ryan says, if you want to save medicare you have to do something. let's be clear, no changes for anybody over 55. people under 55 can stay with traditional medicare, or they can go to the premium support system. the argument n...

Thanks for joining us. from politico. some people thinking this is a good pick, some thinking maybe not such a good pick. what are the arguments on both sides? >> i won't argue that this pick is more of a risk than a reward. look at statements coming out from republicans. they're all glowing but all general. it's that paul ryan is bold, he's courageous, but then they stop short of endorsing the details, sort of the bread and butter of why he was even picked in the first place. look, without the ryan plan, paul ryan probably isn't picked at all, but if you get into the details of the ryan plan,...

There is this new intensity. let's go back to basics here. why did mitt romney make this choice? >> he needed to relaunch his campaign. i think that's clear. he made that decision. if you think about what they thought this race was going to be, you know, stuart stevens, the chief strategist would argue this for months on end, this is going to be about president obama and it's going to be a referendum and it's going to be about the economy. i think they made the decision that wasn't enough. and what this pick does is it gives romney some definition beyond just being this rich guy, which they we...

Land of upward mobility where people can make the most of their lives or do we want to go down the path of debt, doubt and despair. >> so, by pickinging ryan, romney made the calculation that he needed someone to fire up conservatives, but more importantly, give his own campaign some definitions. in other words, the ryan pick is a concession that their theory of the case, that the election could be won as a referendum on the president and the struggling economy was not a winning strategy. ryan is an articulate spokesman and known as an ideas guy. the the word of the weekend was bull. already, ...