Ryan pick damages market odds of Romney victory in Florida (Originally posted on Yahoo!'s "The Signal" Blog)

When the markets were leaning in the Pawlenty/Portman direction, they gave Romney a 70.7 percent chance of winning the state of Florida. With Ryan officially on the ticket, Romney is clinging to a 56.3 percent likelihood of taking the state. We expect polls to follow this path in the next few days.

Ryan's budget proposals will be at the center of the presidential campaign in Florida. For better or worse, his policies, if enacted, would probably cost the state's older residents. Ryan's budget calls for cuts to Medicare in the form of reduced services and increased premiums. He has also pushed for privatization of Social Security. Both of these measures would offset planned tax cuts that would drop the top income tax rate from 35 to 25 percent.

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