With less than a month to go before the presidential election, former Hewlett-Packard CEO and 2016 GOP presidential candidate Carly Fiorina, is among the growing list of Republicans backing the Biden-Harris ticket.
‘[Joe Biden] is the only one who’s prepared to actually reach his hand across the aisle, sit down, listen to people who don’t agree with him, and work together to solve problems,” Fiorina told Cheddar’s Closing Bell. “That’s what our nation needs now.”
Fiorina first announced her support for Joe Biden in June. She told Cheddar it was the end of 2019 when she realized she could not support President Donald Trump’s re-election campaign. “As a businessperson, I judge someone on the results they produce, their leadership, and their behavior,” Fiorina said. “I think he has honestly failed most leadership tests that have come his way.”
When it comes to the 2020 election, Fiorina says it’s more than just various issues at stake; she called it a matter of the nation’s unity. “This country has got to come back together otherwise we cannot move forward.”
Unsurprisingly, Fiorina said she doesn’t agree with everything on the Democratic platform. She also admitted she doesn’t agree with some policies “the Trump Republican Party” has pushed. Specifically, Fiorina pointed to the administration’s handling of immigration and what she described as the growing consolidation of power in the executive branch. As a businessperson, she also pointed to the country’s growing debt and deficit and Trump’s foreign policy record.
When it comes to foreign policy, relations with China are top of Fiorina’s mind. It’s one point she agrees with the president on. “I think it was right for Donald Trump to say we are going to have to challenge China.” But she did have criticisms for the way the Trump administration went about negotiating with the superpower. “If we're going to be successful in challenging China, we need to be consistent, persistent, and strategic,” Fiorina said. “Donald Trump has been extremely inconsistent.”
Fiorina highlighted China’s increased aggression in the South China Sea, its actions against Taiwan, and continued theft of U.S. intellectual property. She said the only way forward is for the government and businesses to find a way to work together. “Which we’re not doing right now,” she added.
As a former tech CEO, Fiorina knows about the power the tech industry has in the marketplace and with consumers — and the response Washington has to that kind of largely-unregulated power. She stated that the pandemic’s acceleration of trends around the tech sector's influence is concerning lawmakers from both sides of the aisle. “Big tech is not going to have an open field going forward, in my view, no matter who wins the White House.”
Following the surprising big beat on estimates for the January jobs report, William M. Rodgers III, vice president and director of the Institute for Economic Equity at the Federal Reserve Bank of St. Louis, joined Cheddar News to break down the data. “We ended 2021 with a strong crescendo to a recovery that had taken hold, and we started 2022 in good fashion." He also discussed the dueling pressures of wage growth and inflation.
Jessica Mason Pieklo, senior vice president and executive editor of the Rewired News Group and co-host of the podcast. "Boom! Lawyered," joins Cheddar Politics to discuss Justice Stephen Breyer's retirement, legacy and potential replacement on the Supreme Court.
The Biden administration delivered a temporary win for student loan borrowers this year by extending the moratorium on federal payments for a few more months. That moratorium is coming to an end on May 1st and borrowers will again have their monthly loan payment plopped in their lap.
Stephanie Vanderslice, a creative writing professor paying off debt through the Parent Plus program, and Mike Pierce, executive director of the Student Borrower Protection Center, join Cheddar Politics to discuss.
2022 was already going to be a big year for the Supreme Court. We have decisions on major issues like abortion and gun rights on the way. Then, Justice Stephen Breyer announced his retirement and that set up a major confirmation fight for later this year. Amy Howe, co-founder of SCOTUSblog, joins Cheddar Politics to discuss.
The Labor Department released a better-than-expected report of 467,000 jobs added in January. Heather Boushey, Council of Economic Advisers Member for President Biden, joined Cheddar to tout the administration's handling of the economy amid the pandemic and the upward revisions for the previous month. "It also shows that, because of the revisions, the economy was stronger over the past couple of months," she said. "I don't think that this can be said enough, but economic forecasting during an historic pandemic is extremely difficult." Boushey also addressed issues involving wage growth versus the rapid rise of inflation.
The Labor Department's January jobs report showed 467,000 jobs were added, compared to the 150,000 that were projected, a sign that employment is continuign to return to pre-pandemic levels. Lindsey Piegza, chief economist at investment bank Stifel, joined Cheddar to break down the report, noting the big gains but adding a note of caution. "Remember, even with this morning's stellar report, we're still millions below that level that we had reached prior to the onset of COVID-19," she said." Yes, we are recapturing jobs. We still have further ground that needs to be made before we can talk about reaching that previous peak." Piegza also discussed the role of the Federal Reserve going forward as the employment figures turn more positive.
As President Biden's poll numbers fall with Black voters, Rep. Ayanna Pressley (D-Mass. 7th District) joined Cheddar to discuss what she feels could help the embattled administration: deliver on policies. Pressley pointed to stalled legislation such as new voting rights laws and Build Back Betters and canceling student loan debt, which would go a long way to improving his standing with Black constituents. "President Biden has the authority and the power to alleviate this burden, which would also help in closing the racial wealth gap, and he can do it by executive action with the stroke of a pen," she said. "And it doesn't require one vote from Congress. So, the Biden administration just needs to deliver to Black America in a tangible and impactful way."
