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Tuesday, April 1, 2008

Carly Fiorina On Sen. John McCain's Economic Policies

Carly Fiorina the RNC's national Victory chairwoman, understand the economy -- she is the former head of Hewlett-Packard (HP), and had this to say about Sen. McCain's economic policies on CNBC this morning:

Fiorina: "Well, first I think we shouldn't play politics with this issue, and I frankly think that when positions are mischaracterized, that's playing politics. This is too important to the American people, but the contrast between John McCain and the Republican Party and either of the Democratic candidates is stark." (CNBC's "Power Lunch," 4/1/08)

Fiorina: "John McCain does believe there is a role for government. The role for government is to help the truly needy. The role of government is to enact necessary reforms. But he also believes that there is a distinction between bad actors in this crisis, speculators, investors who made bad bets, and good actors, who are cash-strapped, but credit-worthy homeowners." (CNBC's "Power Lunch," 4/1/08)

Fiorina: "Well, I think John McCain would agree that the truly neediest should get government support. ... But, you cannot ask the American taxpayer to bail out people who were speculating and who were trying to make a quick buck." (CNBC's "Power Lunch," 4/1/08)

Fiorina: "What you need to do is make some distinctions between the role government should play, the role industry should play, and you also need to make some distinctions between investors who understand that a bet is a risk and a homeowner who truly is in a bad spot through no fault of their own." (CNBC's "Power Lunch," 4/1/08)

Source: Republican National Committee

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