News Release

Campaign for America's Future co-director Robert Borosage today praised the House Financial Services Committee for taking steps to protect consumers from predatory financial practices by approving the creation of a new Consumer Financial Protection Agency. In praising the legislation, Borosage noted that the bill should be strengthened as it moves through Congress to prevent another economic crisis.

Progressive bloggers and activists are focused on pushing comprehensive health care reform this year and overwhelmingly support Rep. Joe Sestak, D-Pa., over Sen. Arlen Specter, D-Pa., for the Pennsylvania Democratic Senate nomination, according to a straw poll at this year’s Netroots Nation convention conducted by the Campaign for America’s Future and Democracy Corps.

As the health reform debate heats up in Congress, the Institute for America’s Future today released the names of prominent health care experts and economists available for analysis and interviews. All the experts favor a public health insurance option to compete with private plans, but they are good sources on all developing issues related to the health care debate.

The American Progressive Caucus Policy Foundation today named Darcy Burner to serve as its executive director. “We are truly pleased to have Darcy’s remarkable energy and talent to lead us in building the foundation,” said Robert Borosage, chair of the foundation board and co-director of the Campaign for America’s Future.

The progressive base is on the march in support of the long-term investments President-elect Obama outlined in his economic recovery plan today, according to a statement released by Campaign for America’s Future co-director Roger Hickey. In response to the deepening crisis and more job losses, the Campaign for America’s Future last month released the Main Street Economic Recovery Plan that was endorsed by more than a hundred economists and dozens of labor and public interest leaders who represent more than 20 million Americans. All of the key elements of the Campaign for America’s Future’s “substantial, strategic, and sustained” recovery plan are in the president-elect’s American Recovery and Reinvestment Plan.

A new public health insurance plan that competes directly with private insurers is essential to controlling health care costs and improving the quality of care, according to a new report released today by the Institute for America’s Future and the UC Berkeley School of Law’s Center on Health, Economic & Family Security.

The economy needs at least a $900 billion boost over the next two years, according to a detailed economic recovery plan released today by more than a hundred economists and dozens of labor and public interest leaders who represent more than 20 million Americans.

With U.S. automakers facing opposition for an expanded $34 billion rescue package on Capitol Hill today, Campaign for America’s Future co-director Robert Borosage said allowing the auto industry to go under would create a “body blow to the already battered economy.”

Responding to concerns that President-elect Obama’s new economic leadership team is dominated by people who played a role in creating the current crisis, Campaign for America’s Future co-director Robert Borosage said that deepening economic emergency makes “Rubinomics” irrelevant. Borosage said that today’s announcement is a key step toward enacting a bold economic recovery plan.

Twenty-six out of the 29 Democratic candidates who won seats previously held by Republicans in the House and Senate championed bold progressive economic positions, according to a new report released today by the Campaign for America’s Future. The report shows that these progressive candidates’ victories represent a swing to the left of 34 votes in the House and 10 in the Senate, reflecting a clear mandate for progressive change.