Economy Failures

Carly Fiorina Offshored HP Profits

January 2, 2004

"By the end of its 2003 fiscal year, Hewlett-Packard Co. had 'indefinitely' deferred taxation on $14.4 billion of foreign earnings, according to SEC filings, a move that helped lower its effective tax rate from the statutory corporate income tax rate of 35 percent to 12 percent." [Washington Post 01/02/2004]

Carly Fiorina Sheltered HP Profits Overseas

January 28, 2010

"We left billions of dollars in cash overseas because of the differences in tax rates. And that inability for us to bring cash back home to this market absolutely impacted our investments in this market." [Fiorina Remarks, Milwaukee, WI]

Fiorina Suggested Costly Iraq War Has Nothing to Do With Our Current Economic Crisis

April 7, 2008

"There's no question that the Iraq War is costing us a lot of money," Fiorina replied. "But it's also the case that the housing crisis has nothing to do with the Iraq War. High fuel prices have nothing to do with the Iraq War, per se. And high food prices, in particular, have nothing to do with the Iraq War. ... It's not fair ... to try and make the Iraq War the cause of our current economic difficulties." [MSNBC 04/07/2008]