News Release

Economic Recovery Plan is a Large Down Payment to Lift Economy

WASHINGTON – With President Obama poised to sign a $787 billion plan to resuscitate the economy in Denver, Colo. today despite a wall of Republican opposition, Campaign for America's Future co-director Robert Borosage praised President Obama for pushing Congress to act quickly.

STATEMENT OF ROBERT BOROSAGE

This bill is a large down payment on what is needed to help lift this economy from the hole it is in. President Obama is to be praised for pushing the Congress to pass this act rapidly.

Sadly, the compromise weakened his plan, making the package smaller and stuffing it with ineffective top end tax cuts, like the alternative minimum tax fix, that provide the least number of jobs for the buck. The president may well be forced to come back next year for another round of investment.

What is staggering, however, is the decision by all but a few Republicans to turn their backs on a nation desperate for relief. They chose partisan posturing over joining the president in a time of need. This will not be forgotten.

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The Campaign for America's Future (CAF) is a center for ideas and action that works to build an enduring majority for progressive change. The Campaign advances a progressive economic agenda and a vision of the future that works for the many, not simply the few. The Campaign is leading the fight for America's priorities - for good jobs and a sustainable economy, and for strengthening the safety net.
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