Speaker Ryan's Retirement Is a "Football Captain Quitting Halfway Through"
House Speaker Paul Ryan (R-WI) announced Wednesday he would not seek re-election in November, signaling that Republicans may have a more difficult time maintaining their Congressional majority through the midterm elections.
Ryan’s decision took his Republican colleagues and Democratic opponents by surprise, though he reminded reporters Wednesday he agreed to take up the Speaker’s job in 2015 “reluctantly.”
“I have given this job everything I have,” he said, according to the Associated Press. “We’re going to have a great record to run on.”
Ryan said he decided not to run again to spend more time with his three teenage children, who live in the same Wisconsin town in which Ryan grew up.
He will serve until the end of his term, in January.
His decision not to seek reelection will likely ignite the campaign for his Wisconsin seat and could swell the wave of Republican lawmakers deciding not to run, said Rep. Ruben Gallego (D-AZ).
“When the captain of the football team quits the game halfway through, gives you a good indication of how the rest of the game is going to go,” Gallego told Cheddar. “He knows he’s going to be a minority leader next year.”
“I think Republicans should really be worried about the tsunami that’s coming,” Gallego added.
After Ryan’s announcement, Rep. Dennis Ross (R-FL) announced he would retire after eight terms in the House.
More than 40 Republicans have announced that they won’t run in 2018, either because they’re retiring or seeking other office. Democrats need 24 seats to take back control of the House for the first time since 2011.
Republicans’ chances of maintaining their majority have been hurt by growing voter dissatisfaction and President Trump’s low approval ratings -- around 40 percent in recent polls.
Gallego, who represents Arizona’s 7th district, criticized Trump’s policies, especially his proposed border wall.
Funding for the wall was excluded from the recent $1.3 billion bipartisan spending bill the president signed, frustrating Trump. Instead, he suggested sending up to 4,000 National Guard troops to the southern border with Mexico, though they will not have the authority to make arrests or “perform law enforcement duties.” The governors of California, Texas, New Mexico, and Arizona have all agreed to send the National Guard.
Gallego criticized the president, saying he was using the National Guard as “a prop” in a political debate.
“There is no emergency,” Gallego said. “There’s no reason you call up the National Guard and call it a crisis, just so you can boost up your poll numbers.”
Last December, the arrests of illegal immigrants trying to cross into the U.S. dipped to the lowest level since 1971.
For the full interview, [click here.](https://cheddar.com/videos/why-rep-ruben-gallego-says-the-game-isnt-going-to-end-well-for-republicans-this-november)
The airline industry says it is contending with staff shortages that threaten to hamper operations amid the COVID resurgence, andDelta Airlines CEO Ed Bastian called on the CDC to revise its guidance for vaccinated workers who test positive from a 10-day quarantine to just five. Chuck Liberman, chief investment officer and managing partner at Advisors Capital Management LLC, joined Cheddar to talk about the current guidance on isolation and why he believes the omicron variant calls for more relaxed guidance given its reportedly mild symptoms.
Schools are shutting down in droves as the highly contagious omicron variant surges across the country. Denisha Merriweather, director of public relations and content marketing at the American Federation for Children, an advocacy organization for vouchers and tax credits for school choice, joined Cheddar's "Opening Bell" to discuss the impact of remote learning on children. She argued that school districts have to be more proactive about the steps they are taking to engage students, and if they are unable to form better teaching methods, parents should be able to find alternative schools.
The boys discuss President Biden's plans to send out free rapid tests as the testing supply chain starts to buckle ahead of the holidays. Also, why aren't Americans having more babies, and The Matrix returns.
With the Build Back Better plan essentially out of the picture, economists are highlighting what the country might lose without the provisions designed to strengthen it. Among other things, this includes no more monthly payments for tens of millions of families, no universal Pre-K for 6 million children a year, and no billions of dollars in tax incentives for climate initiatives. Grace Segers, staff writer for The New Republic, joined Cheddar to discuss the various impacts on the economy without President Biden's spending bill.
Electric vehicle companies took a tumble Monday after Senator Joe Manchin killed Biden's 'Build Back Better' plan. Shares of Tesla, Lucid, and Rivian all fell rapidly as the plan had included significant incentives for the growing EV sector. Rich Steinberg, former executive at Nissan, BMW and Electrify America joined Cheddar's Opening Bell to discuss.
Michael Robinson, Chief Technology Strategist at Money Map Press, joins Cheddar News' Closing Bell, where he explains why small and mid-cap stocks heating up during Tuesday's session is a very good sign for a stock market that ended the day's session sharply higher.
Coming off a 2021 campaign where the prices of Bitcoin, Ether, and other cryptocurrencies reached unpreceded levels, Bitwise Asset Management CIO Matt Hougan and OpenNode Co-Founder & CTO João Almeida join Cheddar News' Crypto Craze: The Year of the Token to discuss the ways the crypto market can soar even higher in 2022.
