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Ryan Will Cost Romney Florida: Street Pro

Tuesday, 14 Aug 2012 | 12:27 PM ET

The Street is at odds over Paul Ryan and whether Mitt Romney made a fatal mistake when he asked Ryan to be his running mate.

And in a live interview on CNBC’s Fast Money Halftime Report, John Taylor, the chairman of FX Concepts tells us Ryan will cost Romney Florida – and likely the election.

“Paul Ryan makes the vote entirely about his tax and spending package and that’s very difficult because you’re going to lose all the old guys,” says Taylor.

Ryan Will Cost Romney Election: Top Money Manager
John Taylor, who manages one of the world's largest currency hedge funds, on why the Paul Ryan VP pick lowers Romney's chances of winning the Presidency by bringing the country's dirty fiscal laundry out in the open.

As the chairman of the House of Representatives Budget Committee, Ryan was the architect of an intensely controversial long-term budget plan to remake Medicare and cut trillions in federal spending.

In other words, Taylor believes Ryan’s aggressive stand on Medicare will alienate mature Americans and that puts states in play where mature Americans go to retire..

“It will cost Florida,” he says.

Posted by CNBC's Lee Brodie

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Trader disclosure: On August 13, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Guy Adami is long C; Guy Adami is long GS; Guy Adami is long INTC; Guy Adami is long AGU; Guy Adami is long MSFT; Guy Adami is long NUE; Guy Adami is long BTU; Brian Kelly is long TGT; Brian Kelly is long SWK; Brian Kelly is long USG; Brian Kelly is long XHB; Brian Kelly is long IBM; Brian Kelly is short BIG; Brian Kelly is short DLTR; Brian Kelly is short JWN; Brian Kelly is short BBBY; Steve Weiss is short JCP

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