News Release

* Healthcare as Stimulus? * Another Wall Street Giveaway?

GERI JENKINS
CHARLES IDELSON
SHUM PRESTON
Jenkins is co-president of the California Nurses Association. The group has just released a study that finds: “Establishing a national single-payer style healthcare reform system would provide a major stimulus for the U.S. economy by creating 2.6 million new jobs, and infusing $317 billion in new business and public revenues, with another $100 billion in wages into the U.S. economy.”

Jenkins, a registered nurse, said today: “The number of jobs created by a single-payer system, expanding and upgrading Medicare to cover everyone, parallels almost exactly the total job loss in 2008. These dramatic new findings document for the first time that a single-payer system could not only solve our healthcare crisis, but also substantially contribute to putting America back to work and assisting the economic recovery.”

MATTHEW ROTHSCHILD
Editor of The Progressive, Rothschild just wrote the piece “Don’t Give the Banks Another $350 Billion.”

ROBERT SCHEER
Executive editor of TruthDig.com, Scheer recently wrote the piece “Wall Street Robber Barons Ride Again,” which begins: “Why rush to throw another $350 billion of taxpayer money at the Wall Street bandits and their political cronies who created the biggest financial mess since the Great Depression? And why should we taxpayers be expected to double our debt exposure when the ten still-secret bailout contracts made in the first round are being kept from the public?

“We don’t have time, President-elect Barack Obama’s key economic adviser, Lawrence Summers, insisted in a letter to Congress on Monday, promising that the new infusion would not be squandered as was the first installment. But given that Summers is personally as responsible for this meltdown as anyone, why should we trust him on this? Yes, it sounds wonderfully bipartisan that Obama is backing President Bush’s request for spending the money now, short-circuiting congressional inquiry, but it was just that sort of bipartisan politics that created this nightmare.”

For more information, contact at the Institute for Public Accuracy:
Sam Husseini, (202) 347-0020; or David Zupan, (541) 484-9167