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)
Americans continue to feel the pain at the pump as a result of Russia’s invasion of Ukraine. Patrick DeHaan, head of petroleum analysis at GasBuddy, joined Cheddar News to discuss how prices are being affected by the war and how much worse it could potentially get for drivers. "It's obviously a fluid situation. In one field today, I might feel differently in a half hour. But for now, I think we could see the national average realistically go somewhere into the mid $4 range, maybe $4.40 to $4.65 based on what we're seeing," he said.
Russia’s invasion of Ukraine has entered its 12th day following what Ukrainian authorities described as increased shelling of encircled cities and another failed attempt to evacuate civilians from the port city of Mariupol.
Gasoline prices are pushing even farther above $4 a gallon, the highest price that American motorists have faced since July 2008, as calls grow to ban imports of Russian oil.
Jay Hatfield, Chief Investment Officer at ICAP, believes a lot of the bad news regarding the fighting in Ukraine and Fed is already priced into the market and looming uncertainty factored into Friday's movement. However, he also believes the upcoming Fed decision will be good news for Wall Street.
News of Russian forces taking control of a Ukrainian after artillery bombardment of a nuclear power plant raised concerns this week. Nuclear policy expert and Quincy Institute Distinguished Fellow Joe Cirincione joined Cheddar News to discuss the implications for a potential disaster. “I’m with the director general of the IAEA, the International Atomic Energy Agency. He says that he is extremely concerned, and that this Russian attack is a severe risk and that Russia clearly violated the fundamental principle of preserving the integrity of nuclear power plants," Cirincione said.
Amid Russia's attack on Ukraine, major businesses from BP to Big Tech like Apple have been pausing their business dealings with the invading nation. Brian Walker, chief strategy officer at commerce software company Bloomreach, joined Cheddar News to discuss how some companies are showing support for Ukraine and what this could mean for consumers. "Whether it be impacts on energy or operational costs, shipping and logistics, or frankly impacts on the financial services industry, these will have long term implications on retail prices," he said.
About 678,000 jobs were created in February, hundreds of thousands more than predicted, according to the latest Labor Department report, showing a broad economic recovery despite inflation woes. Heather Boushey, member of the Council of Economic Advisers for President Biden, joined Cheddar News to talk about the employment figures. "This really shows that the economy is now more resilient because of the tools that we have in place," Boushey said. "So I'm optimistic that we'll be able to weather future storms."
Ramit Varma, Independent candidate for Mayor of Los Angeles, joins Cheddar News to discuss the race and how he plans to tackle critical issues in the California city.
