Former House Speaker Paul Ryan expressed confidence on Wednesday that the 2024 Republican presidential nominee, with the exception of former President Donald Trump, would be able to defeat President Joe Biden. In an interview with CNBC’s “Squawk Box,” Ryan, who also serves on the board of Fox News’ parent company, criticized Trump’s potential nomination, calling it a “disaster.” Ryan’s remarks were in response to fellow GOP Trump critic Liz Cheney’s comment at a conference that Democrats are “playing with fire” if they believe they can beat Trump in the general election. While Ryan acknowledged that Trump “could win,” he expressed concern that the party would likely lose with him, citing past election losses.
Ryan emphasized his support for any Republican candidate not named Trump, believing that they would have a better chance of defeating Biden in the 2024 election. He dismissed the notion that his position on the Fox Corp. board would influence his endorsement decision. Ryan faced criticism for staying on the board amid a defamation case that revealed doubts expressed by Fox hosts regarding Trump’s false election fraud claims.
Regarding his strained relationship with Trump, Ryan noted that he has been opposed to the former president for some time. He recalled distancing himself from Trump during the final weeks of the 2016 election due to the release of the infamous “Access Hollywood” tape. Ryan’s criticisms of both Biden and Trump extended to their handling of entitlements and economic policies. He blamed Biden for high inflation and criticized his spending bill, accusing it of worsening the inflation problem. Ryan expressed his belief that Biden’s upcoming speech on the economy would be another misguided industrial policy move lacking the necessary solutions.
Ryan also raised concerns about the lack of action on entitlement reform by both Trump and Biden, warning that it could lead to a debt crisis. Despite Trump’s popularity in the Republican primary field, Ryan argued that he and Biden actually benefit each other’s candidacies, which he believed to be disastrous for the country. He firmly believed that nominating a Republican candidate other than Trump would lead to victory in the 2024 presidential race.
Ryan slams Biden and Trump on entitlements
Now a partner at private equity firm Solamere Capital, Ryan criticized Biden’s economic record and attributed high U.S. inflation to his policies. He expressed skepticism towards Biden’s upcoming speech on the economy, expecting it to be another misguided industrial policy move. Ryan also criticized both Trump and Biden for their failure to address entitlement reform, warning that it could lead to a debt crisis.
In terms of their stance on entitlements, Trump aligns more closely with Biden than some of his Republican rivals. Both Trump and Biden have criticized Florida Gov. Ron DeSantis for his previous support of Ryan’s plans for restructuring programs, despite DeSantis distancing himself from that stance. Ryan acknowledged Trump’s polling lead but argued that he and Biden have a mutually beneficial relationship that is detrimental to the country. He firmly believed that nominating a Republican candidate other than Trump would be the key to winning the White House.
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