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Ryan Family Fortune Built on Public Works Projects That Romney Campaign Mocks

Paul Ryan is a living, breathing GOP example of how public infrastructure and private entrepreneurship work hand-in-hand.
August 15, 2012





When Paul Ryan took to the stage in Mooresville, North Carolina, as
Mitt Romney’s running mate, he attacked President Obama’s “you didn’t
build that” remark about the role of government in supporting private
innovation. But while Republicans have been clamoring to make this
election a false dichotomy between the private sector and the public
sector, Paul Ryan — heir to a private fortune made by building public
highways — is a gaping pothole in that plan. Paul Ryan is a living,
breathing GOP example of how public infrastructure and private
entrepreneurship work hand-in-hand.
Paul Ryan’s great-grandfather started a construction company to build
railroads and, eventually, highways. According to the Web site of Ryan
Incorporated Central, the company was “ founded in 1884 with
a single team of mules building railroad embankments in Southern
Wisconsin.” And in the 1800s, railroad construction was subsidized by
the federal government. Mid-century, President Lincoln signed the
Pacific Railway Act into law, providing taxpayer dollars to fund the
construction of a transcontinental railway. All railroads thereafter
connected to, and benefited from, that public investment.
At the turn of the century, Ryan Inc. turned to road building. A subsidiary family corporation, Ryan Incorporated Southern, states on its Web site ,
“The Ryan workload from 1910 until the rural interstate Highway System
was completed 60 years later [and] was mostly Highway construction.”
The $119 billion spent by the federal government on the Interstate Highway System was, by one account , “the largest public works program since the Pyramids.”
And, according to the Ryan Inc. Web site, the company completed “some
of the original work at what would become O’Hare Airport” in
Chicago. Originally, O’Hare Airport was a manufacturing base for World
War II transport planes. In other words, it’s likely that construction
project, too, was paid for by tax dollars. A current search of Defense
Department contracts suggests that “Ryan Incorporated Central” has had at least 22 defense contracts with the federal government since 1996 , including one from 1996 worth $5.6 million .

When President Obama said that we succeed in America “because of our
individual initiative but also because we do things together,” he was
actually speaking in more general terms — about manufacturing companies
that ship their goods on our railways and highways and thus indirectly
benefit from that public infrastructure. With a net worth of up to $3.2
million and ranking as the 124th richest member of Congress, Paul Ryan
very directly and very significantly benefited from the federal spending
he now rails against.
Or does he? What’s funny is that Mr. Anti-Spending secured millions
in earmarks for his home state of Wisconsin, including, among other
things, $3.3 million for highway projects . And Ryan voted to preserve $40 billion in special subsidies for big oil , an industry in which, it so happens, Ryan and his wife hold ownership stakes. Yet Ryan wants to gut financial aid for college students, food stamps for hungry families , Medicaid,Medicare and Social Security — the very things that have, historically, helped poor families climb the ladder of opportunity in America.
And this is precisely the problem with the Romney-Ryan vision for
America: It takes the ladder of opportunity and public infrastructure
that helped the previous generation and yanks it up for the next
generation. Your grandfather went to college on the GI Bill? We’re not
even going to give you measly Pell Grants! Your grandmother lived
independently thanks to Social Security? We’re giving yours to Wall
Street to crash with the rest of our economy! Your great-grandfather got
rich building public railways and roads?http://www.alternet.org/election-2012/ryan-family-fortune-built-public-works-projects-romney-campaign-mocks


Added: Aug-15-2012 Occurred On: Aug-15-2012
By: dcmfox
In:
Politics
Tags: paul ryan, family, goverment, contracts, fortune, built, highway, projects
Marked as: approved
Views: 2149 | Comments: 63 | Votes: 2 | Favorites: 0 | Shared: 0 | Updates: 0 | Times used in channels: 2
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  • would you look at that, republicunts dont know what they are talking about? who knew?

    Posted Aug-15-2012 By 

    (3)

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    • @dsb93 do you think im black or something? i dont care how much money you make but thanks for bragging

      Posted Aug-16-2012 By 

      (0)

  • i love how the left wingers are concern trolling that ryan voted for spending bills, it's not that they care the he supported various spending bills, but apparently if you support a reduction in the massive welfare state you are not allowed to vote on any bills according to their logic.

    I also love how they feign outrage that Ryan's family business was involved in federal railroad and highway contracts, somebody had to build it, but apparently if the govt paid for it with taxpayer money we sh More..

    Posted Aug-15-2012 By 

    (3)

  • I can’t tell where the truth ends and the lies begin anymore,, or what happened to “government of the people, by the people, for the people” maybe a lobbyist or government supplier CEO can help out here

    Posted Aug-15-2012 By 

    (3)

  • Vote Obama OUT in 2012

    Posted Aug-15-2012 By 

    (3)

  • There it is then... Put that in your pipe and smoke it... (I've always wanted a reason to say that...)

    Good post sir!!

    Posted Aug-15-2012 By 

    (3)

  • Fits well with Mitt who owned Damon Biomedicals while it cheated Medicare out of $40 million. Slippery Mitt sold the company on the very same day that a federal investigation started. Bush probably called him as warning. Romoney pocketed $11 million in the sale.

    Posted Aug-15-2012 By 

    (2)

  • HA!

    Posted Aug-15-2012 By 

    (2)

  • there is NO BIGGER OBSTACLE to small business an entrepreneurship than GOVERNMENT. That is an indisputable fact

    Posted Aug-15-2012 By 

    (2)

  • Compare rail roads that were completely funded by government vs say The Great Northern ran by James J Hill who's Railway was funded privately. His RR stayed solvent while all the crony lines went bankrupt, but man did those politicians rake the cash in! Moral of the story is it all could have been done better, and cheaper than the goobermint did it.

    Posted Aug-15-2012 By 

    (2)

  • Reprinting White House attack propaganda from anti-American radical left hate sites doen't make you an intellectual. And if you believe any of it, ask why that same White House doesn't have a plan.
    Where's the MF money? Jon Corzine, White House advisor knows and Eric Holder, from the law firm that represented Jon Corzine, will not indict him.
    CBO says 30 million won't have insurance under Obamacare. We were told Obama's signature legislation, predicated on a lie, was necessary because 40 mill More..

    Posted Aug-15-2012 By 

    (1)

  • How much is Soros and Obama paying you to post this nonsense???

    Posted Aug-15-2012 By 

    (1)

    • @WE ARE POWER

      Still waiting for a check. How much is the Koch brothers (who could buy Soros 30x over) spending to buy American political system?

      Posted Aug-15-2012 By 

      (0)

    • @dcmfox ... or Adelman who HAS bought the entire GOP.

      Posted Aug-15-2012 By 

      (0)

    • @Nepean109

      True. Still hoping to get legal protection from the Romney potus for his dealings in China.

      Ryan's family did nothing wrong. I just posted this because of the nuts in congress that refuse to support an infrastructure bill. Something that has always been a non-issue.

      Posted Aug-15-2012 By 

      (0)

    • @dcmfox Infrastructure is needed, but having the group of partisan hackjob retards in Washington overseeing/regulating/deciding who builds it, where it is built, what is built, and how much will be spent to build it, is most definetely NOT needed.

      Posted Aug-16-2012 By 

      (0)

  • But Ryan and his family believe the factors of production belong in the hands of private individuals. And Barry Soetoro, Frank Marshall Davis, et. al. believe they belong in the hands of the state. You're trying to use an example of past entrepreneurship to support your argument, but it doesn't - it supports theirs.

    Are you really trying to compare the construction of interstate highways, railways, and airports to the Obama agenda vis-a-vis usage of the FFB to support half-baked "sustai More..

    Posted Aug-15-2012 By 

    (0)

  • Wow. I love how you defended your president by rewording what he said on stage. Secondly....there is way to much to type. Let me make it really simple so you can understand.

    1. The GOV"T SUCKS AT RUNNING ANYTHING.
    2. Social Security - Medicare - Medicaid is Bankrupt.
    3. No one is upset that the gov't pays for infrastructure and someone makes a profit from that.
    4. I've been in construction for over 20 years and I alone built my company and manage the funds that I received from gov't More..

    Posted Aug-15-2012 By 

    (0)

    • Comment of user 'Dolarhyde' has been deleted by author!
    • @tymatthews
      Did you even read the full quote?

      Posted Aug-16-2012 By 

      (0)

    • @tymatthews SLOGAN'S ARE COOL AND EASY FOR MORON'S TO FOLLOW
      TO BAD THE FACT'S ARE THAT SOCIAL SECURITY WAS BANKRUPT TO HELP PAY FOR THE WAR'S IN IRAQ AND AFGHANISTAN. MONEY HAD TO BE BORROWED FROM SOME PLACE BESIDE'S CHINA.
      I GUESS WE SHOULD'NT MENTION THE BAIL OUT'S OF THE BANK'S AND WALL ST. WHO ALONE RECEIVED OVER A TRILLION DOLLAR'S FROM US.

      Posted Aug-16-2012 By 

      (0)

  • boy it's becoming a full time job to refute all the bullshit that flows so freely from your lying ass.

    His father build roads, so effing what?! Government didn't do it and surly didn't pay for it. WE THE PEOPLE pay for it, especially the business owners. And how does this change anything exactly?
    Obama said YOU DIDN'T BUILD THAT, in an effort to give the credit to people who had nothing to do with the success of small business.

    Try again you little sock puppet

    Posted Aug-15-2012 By 

    (0)

  • SO you have 2 guys who seem to be opposites running together. Sounds like this could actually work because 2 guys working together only hastens the bullshit dump truck.

    Posted Aug-16-2012 By 

    (0)