It shouldn't surprise any of us that McCain's top economic advisor, Carly Fiorina, had been at the helm of HP when it lost favor with Wall Street. It's pretty galling that the McCain campaign is asking us to believe that he has the "best and brightest" economic advisors.
Really?
Do you remember the reaction from Wall Street when Ms. Fiorina's departure from HP was announced in February 2005?
From CNN Money
"The stock is up a bit on the fact that nobody liked Carly's leadership all that much," said Robert Cihra, an analyst with Fulcrum Global Partners. "The Street had lost all faith in her and the market's hope is that anyone will be better."
That's right. The woman who we are being asked to trust to lead us out of this financial disaster (aka The Bush Legacy), is the one who led HP to its near financial disaster.
HP made self-correcting moves, and regained the confidence of its investors, but they are being tested again.
Today they announced that as a result of their acquisition of EDS, they will be eliminating nearly 25,000 jobs, nearly half in the US. Hmmm....
Didn't John McCain recently say something about keeping jobs in the US? Turns out that HP plans to from Financial Times:
"replace roughly half of these positions over the next three years to create a global workforce that has the right blend of services delivery capabilities to address the diversity of its markets and customers worldwide".
That kind of sounds like outsourcing to me.