News Release

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.

With the American economy sinking and the global downturn deepening, a new ad today’s New York Times proclaims an emerging era of progressive reform. It calls on Americans to remember the legacy of previous generations who rose above the Great Depression. The ad, sponsored by the Institute for America’s Future features an image that merges that generation with the new and says, “Remember Who We Are.”

WASHINGTON – With people across the country calling for greater oversight of the Bush administration’s proposed $700 billion bailout of the financial markets, a new ad in The New York Times and on several blogs today asks pointed questions that need to be answered before Congress hands the administration massive amounts of taxpayer money and unlimited power. read more »

The misery index hit the worst level since May 1991, according to a new analysis released today by the Campaign for America’s Future. New jobless numbers jumped to a 5-year high of 6.1 percent, pushing the misery index to 11.7 percent.

Social Security privatization, embraced by Sen. John McCain, R-Ariz., would cut guaranteed benefits for thousands of future retirees by thousands of dollars, according to a new state-specific report released today by the research arm of the Campaign for America’s Future.

Progressive bloggers and activists are most concerned about solving basic economic problems and our country’s energy crisis as well as ending the war in Iraq, according to a straw poll of participants at this year’s Netroots Nation conference conducted by the Campaign for America’s Future and Democracy Corps.

Faced with gas prices nearing $4 per gallon and the heavy summer driving months ahead, households are expected to spend $2,300 more on gas this year than seven years ago, according to a new report released today by the Campaign for America’s Future.

President Bush is expected to address problems in the nation’s economy while hailing the state of the union as strong tonight, but for Americans worrying about how to make ends meet, the country is headed in the wrong direction, according to numbers compiled today by the Campaign for America’s Future.