The race is officially on. Both teams are now set and the November finish line is less than three months away. Mitt Romney the Republican presidential nominee has now chosen his running mate. He and Paul Ryan and will be looking at attacking the economy, taxes and saving Medicare and Social Security.

The decision by Romney to add Ryan to his ticket put a jolt into the presidential race. There are now new contours in the race. Romney will promote a friendly business environment, which will seek to help revitalize the sluggish economy and lower federal spending. On the other hand, Obama will seek to promote himself as the middle class defender, as well as with federal spending for healthcare, education and retirement pensions.

Shortly after Ryan was named to the Romney ticket, Democrats pounced while conservatives celebrated. The overall fundamentals of the election campaign will remain unchanged, which is a race that will be defined by the high unemployment and a weak economy. Recent polls in a number of the battleground states show Obama holding a narrow advantage, though his opponent hopes the announcement of his running mate will help to give him a boost in his rankings.

Democrats said that Romney’s choice of Ryan could help change the minds of older voters in states such as Ohio, Pennsylvania and Florida because of Ryan’s controversial budget plan that would remake Medicare and cut trillions over the long term in federal spending.

Republicans said that having Ryan would help change Wisconsin from a traditional Democratic voting state in presidential elections to a Republican one. In addition, they believe the Catholic Midwesterner would also appeal to the blue collar voters who Romney, a multimillionaire and Mormon has struggled to do in a number of states.