Fiorina: “In a difficult time, sometimes difficult decisions are necessary to compete”

Republican presidential candidate Carly Fiorina told viewers Thursday on Special Report that when it comes to her record as CEO of Hewlett-Packard, “I led HP through a very difficult time.”  

“In a difficult time, sometimes difficult decisions are necessary to compete,” Fiorina added. She cited positive statistics that proved the company’s success during that time including that it doubled its size.

Fiorina also reflected on the current economy and job market challenges.

“I think what we have to realize in the 21st century is that we have to compete for every job and honestly we're shooting ourselves in the foot all the time,” she commented. “The complexity of our tax code and our regulatory structure is now destroying more businesses than we are creating in this country, which means we're destroying jobs.”

Millennial job growth: too little, too late?

RECENT DATA CLEARLY SHOWS AN IMPROVED JOB MARKET AND THE MILLENNIALS ARE FINALLY CATCHING A BREAK. BUT THE EFFECTS OF THE GREAT RECESSION WILL LIVE WITH THEM FOR THEIR PROFESSIONAL LIVES--AND PROBABLY NOT IN THE WAY PRESIDENT OBAMA HAD IN MIND DURING HIS MOST RECENT STATE OF THE UNION ADDRESS.
 

"WILL WE ACCEPT AN ECONOMY WHERE ONLY A FEW OF US DO SPECTACULARLY WELL? OR WILL WE COMMIT OURSELVES TO AN ECONOMY THAT GENERATES RISING INCOMES AND CHANCES FOR EVERYONE WHO MAKES THE EFFORT?" 
 

MILLIONS OF MILLENIALS DID MAKE THE EFFORT, OFTEN ACCEPTING LOWER-WAGE JOBS IN ORDER TO START A CAREER. BUT STARTING THEIR CAREERS LATE TRANSLATED TO A SIGNIFICANT REDUCTION IN THEIR OVERALL LIFETIME EARNINGS. THE EFFECTS SEND SHOCK WAVES THRU THE ECONOMY.
 
TODAY YOUNG PEOPLE WORK MOSTLY IN THE RETAIL, HOSPITALITY, AND SERVICE INDUSTRIES.  OVER THE LAST TEN YEARS WAGES HAVE DECLINED 10% AMONG MILLENNIALS COMPARED TO JUST 4% FOR THOSE OVER 35.  PERSONAL SAVINGS RATES AMONG YOUNG ADULTS IS NEGATIVE .2% MOSTLY DUE HIGH COSTS OF STUDENT LOANS AND INCREASING COSTS OF LIVING. HIGH DEBT MEANS THEY CAN FORGET ABOUT RETIRING AT 65.
 
AND THE OBAMA ADMINISTRATION'S ECONOMIC RECOVERY HASN'T HELPED MUCH. THE GDP GREW AT THE RATE OF 2.3% A YEAR-- THE SAME PACE AS THE BUSH ADMINISTRATION AND EXACTLY HALF OF WHAT RONALD REAGAN ACCOMPLISHED IN THE SAME AMOUNT OF TIME. 
 
THIS IS NOT THE FIRST TIME A RECESSION HAS SIDELINED YOUNGER WORKERS. BUT THE WAGE GAP IS SUBSTANTIALLY LARGER AND HAS LASTED LONGER THAN IN THE PAST. DESPITE THE PRESIDENT'S PROCLAMATIONS EXPERTS WARN YOUNG AMERICANS WILL PAY THE PRICE OF THE GREAT RECESSION FOR THEIR ENTIRE LIFETIME.

Commerce Secretary Penny Pritzker

HHS: Obamacare Premiums to Increase in 2015

By: David Bastawrous—Special Report College Associate

Many looking to purchase health insurance from Healthcare.gov will see slightly higher costs, according to a Health and Human Services report issued today.

The federal Exchange’s most popular plan—lowest cost silver plan—will increase by an average of 5%.

But it “Pays to Shop,” as multiple officials said today, likely to become an administration mantra.

“65% of current Marketplace enrollees can get coverage for $100 dollars [per month] or less for 2015, after tax credits, if they shop for a more affordable plan within their current metal level, compared to 50%” of those who would stay in their 2014 plan, the report says.

Consumers can choose from an average of 40 health plans in 2015, up from 30 in 2014, which HHS hopes will “enhance competition, expand choice and promote affordability.”

The administration has often lauded the recent historic low growth of health spending, increasing just 3.9% each year from 2009-2011—the lowest growth rate since the government began keeping track in 1960.

And though they attribute this to the Affordable Care Act, a 2013 study by the Kaiser Family Foundation found that 77% of the slowdown can be explained by the sluggish economy.

How the price of Healthcare.gov premiums react to the slowly recovering economy in the next few years will be a real test for the healthcare law.

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