FOR IMMEDIATE RELEASE:
Oct. 25, 2008

CONTACT:
Adam Lioz
Program Director, Progressive Future
(303) 893-0458

Denver, CO – MSNBC reported today that the Federal government will expand the economic bailout to include major insurance companies hit by the financial crises.

MSNBC reports that the Treasury department is moving to buy ownership stakes in a number of unsteadied companies, such as The Hartford, Prudential, and MetLife.

Progressive Future Program Director Adam Lioz said of the expanding bailout, “With the bailout broadening across many sectors of our economy, government must act carefully to protect the interests of everyday Americans, not just corporate bosses. This means shoring up the housing and credit markets – but it also means investing strategically in a green recovery that will grow jobs here at home, help families cope with volatile energy prices, and move our country towards energy independence.”

“Our leaders need to make the smart investments in our country that will help us heal, not just stop the bleeding,” added Lioz. “In times like these, we can’t afford to neglect what can make America stronger for the long run.”