This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Could Paul Ryan's Small Business Ties Aid The GOP?


NEW YORK (AP) â¿¿ On his way to becoming a congressman from his hometown of Janesville, Wis., Paul Ryan worked in a small business â¿¿ a construction company with roots that reach back to the firm that his great-grandfather started in 1884.

Although the future GOP vice presidential candidate worked at Ryan Inc. Central doing marketing for just a short time â¿¿ from 1997-98 â¿¿ that experience may help the Romney-Ryan ticket. The obstacles that small businesses face hiring more workers are among the biggest issues in this presidential election. The perception that Ryan understands their problems could bring in votes â¿¿ even though he was chosen largely because of his conservative stance on federal spending.

"I always appreciate folks who have spent time in the real world," says Nick Balletta, CEO of TalkPoint, a New York firm that runs online broadcasts for businesses. "In the real world, there's payroll that needs to be made, bills that need to be paid and customers that need to be satisfied."

The GOP might convince business owners that despite the brevity of Ryan's time at the company that "it was a valid experience and he would be more likely to understand their situation," says Trey Grayson, director of Harvard University's Institute of Politics. He also may appeal to independent voters including small business owners in parts of states like Wisconsin, Florida, Nevada, Illinois and Michigan that have struggled more than other areas of the country, says David McCuan, a political science professor at Sonoma State University in Rohnert Park, Calif.

"Ryan helps at some level in certain states," he says. "It's an open question of whether he helps in the big picture."

Both Ryan and Vice President Joe Biden have spent almost all their working lives in politics. Biden was elected to the New Castle, Del., County Council shortly before he turned 27 and to the Senate when he was nearly 30. Ryan was 28 when he was elected to Congress. Biden's resume doesn't include time at a small business, but he talks about the financial struggles of his father, who lost money in business ventures, had to move in with Biden's grandfather and had jobs that included cleaning boilers and managing a car dealership. That has helped voters identify with his middle-class childhood, McCuan says.

1 of 4

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,356.87 +288.00 1.69%
S&P 500 2,012.89 +40.15 2.04%
NASDAQ 4,644.3120 +96.4780 2.12%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs