NEW YORK (TheStreet) -- Stocks of defense contractors Boeing (BA), Lockheed Martin (LMT), Raytheon (RTN), Northrop Grumman (NOC) and General Dynamic (GD) received a boost from the budget deal that Congress just passed. But Rep. Paul Ryan's (R-WI) stock has risen even more.
By crafting a two-year budget package with Sen. Patty Murray (D-WA), chairwoman of the Senate Budget Committee, Ryan, chairman of the Houst Budget Committee, has helped remove the issue that most harms the Republican Party: a government shutdown. It's much less likely now that the government will shut down overr budget matters, which should guarantee that the Affordable Care Act will remain the political focus in 2014, the year of midterm elections.
Thanks to ObamaCare, the government shutdown in October is all but forgotten. Democrats up for election in November 2014 need another government shutdown, courtesy of the Tea Party. But that is unlikely with the budget deal law for the next two years.
When the budget accord expires, the presidential election campaign for 2016 will be under way. Ryan, the vice presidential nomines in 2012, will be in a position of strength if the Republican Party does well in the midterm elections. Should the Republicans take back the Senate, the budget deal will receive a lot of credit. That will elevate Ryan's role as a leader of the party and a statesman in matters of national affairs, one who can reach across the aisle to work with the opposing party. Voters will like that in 2016.