Special Report College Associate Ford Fischer attended CPAC, where several conservative political candidates gave speeches and tried to garner support. Of the young people Ford spoke to, a common theme was a distaste for establishment Republicans and a favoritism towards Rand Paul. Additionally, many college-age conservatives said that they dislike Jeb Bush and associate him with his father and brother. Although those were the two candidates most frequently discussed by young people, Scott Walker enjoyed a strong following as well.
It is also worth noting that CPAC is an event that tends to attract those with more libertarian leanings, and a national GOP presidential primary may have a very different outcome than a CPAC straw poll.
Bret sat down with former Hewlett-Packard CEO Carly Fiorina and Republican nominee for US Senate from California in 2010 to talk about her potential run for President in 2016--here are a few of the questions and answers you didn't get to see on Special Report.
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.
This week's fiery accident involving oil tanker cars derailing in West Virginia is renewing the call for what proponents claim would be a safer, more reliable method of transportation -- the controversial Keystone XL Pipeline.