Former Massachusetts Gov. Mitt Romney, the presumptive GOP presidential nominee,...

Former Massachusetts Gov. Mitt Romney, the presumptive GOP presidential nominee, greets the crowd in Norfolk, Va. (Aug. 11, 2012) Credit: AP

Vice presidential picks are always judged by their effect on the coming election, though they rarely have any.

This time could be different. The Democrats' Medi-scare barrage is already in full swing. Rep. Paul Ryan, it seems, is determined to dispossess grandma, then toss her over a cliff. If the charge is not successfully countered, goodbye Florida.

Republicans have a twofold answer. First, hammer home that their plan affects no one over 55, let alone 65. Second, go on offense. Point out that President Barack Obama cuts Medicare by $700 billion to finance Obamacare.

It's a sweet judo throw: Want to bring up Medicare, supposedly our weakness? Fine. But now you've got to debate Obamacare, your weakness -- and explain why you are robbing granny's health care to pay for your pet project.

If Romney/Ryan can successfully counterattack Mediscare, the Ryan effect becomes a major plus. If the conversation is about big issues, Obama cannot hide from his dismal economic record and complete failure of vision.

In Obama's own on-camera commercial -- "the choice . . . couldn't be bigger" -- what's his big idea? A 4.6 point increase in the marginal tax rate of 2 percent of the population.

That's it? For a country with stagnant growth, ruinous debt and structural problems crying out for major entitlement and tax reform? Obama's "plan" would cut the deficit from $1.20 trillion to $1.12 trillion. It's a joke.

While Ryan's effect on 2012 is as yet undetermined, there is less doubt about the meaning of Ryan's selection for beyond 2012. He could well become the face of Republicanism for a generation.

There's a history here. By choosing George H.W. Bush in 1980, Ronald Reagan gave birth to a father-son dynasty that dominated the presidential scene for three decades. The Bush name was on six of seven consecutive national tickets.

When Dwight Eisenhower picked Richard Nixon in 1952, he turned a relatively obscure senator into a dominant national figure for a quarter-century, appearing on the presidential ticket in five of six consecutive elections.

Even losing VP candidates can ascend to party leader and presumptive presidential nominee. Ed Muskie so emerged in 1968, until he melted down in New Hampshire in 1972. Walter Mondale so emerged in 1980 and won the presidential nomination four years later.

Winning the presidency is even better. Forty percent of 20th-century presidents were former VPs: Theodore Roosevelt, Coolidge, Truman, Johnson, Nixon, Ford and Bush (41).

Before last weekend, Ryan was already the party's intellectual leader and de facto parliamentary leader. His fiscal blueprint has driven congressional debate for two years. Now, however, he is second only to Mitt Romney as the party's undisputed political leader. And while Romney is the present, Ryan is the future.

Ryan's importance is enhanced by his identity as a movement conservative. Reagan was the first movement leader in modern times to achieve the presidency. Like him, Ryan represents a new kind of conservatism for his time.

Ryan represents a new constitutional conservatism of limited government and individual opportunity that carried Republicans to victory in 2010 -- not just as a rejection of Obama's big-government hyper-liberalism, but also as a significant departure from the philosophically undisciplined, idiosyncratically free-spending "compassionate conservatism" of Obama's Republican predecessor.

Ryan's role is to make the case for a serious approach to structural problems -- a hardheaded, sober-hearted conservatism that puts to shame a reactionary liberalism that offers handouts, bromides and a 4.6 percent increase in tax rates.

If he does it well, win or lose in 2012, he becomes a dominant national force. Mild and moderate Mitt Romney will have shaped the conservative future for years to come.

Charles Krauthammer is a syndicated columnist for The Washington Post.

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