How Obama Created the Greatest Threat to His Presidency

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Aug. 16 (Bloomberg) -- Here’s the weird thing about PaulRyan being named to the Republican presidential ticket: It’s allpart of Barack Obama’s campaign plan -- a plan that’s workingbetter than his strategists could have hoped. It could alsobackfire more disastrously than they have ever imagined.

It’s hard to remember now, but there was a time, not longago, when Ryan was no better known than Democrat John Spratt ofSouth Carolina, his predecessor as chairman of the House BudgetCommittee. And the Republican Party’s leadership was eager tokeep it that way.