Obama Promises Major Investment in Science

"I believe it is not in our character, American character, to follow -- but to lead. And it is time for us to lead once again. I am here today to set this goal: we will devote more than 3 percent of our gross domestic product to research and development," Obama said in a speech at the annual meeting of the National Academy of Sciences.

That 3 percent would amount to about $420 billion.

"We will not just meet but we will exceed the level achieved at the height of the space race," he said.

That pursuit of discovery a half century ago fueled the nation's prosperity and success, Obama told the academy.

"The commitment I am making today will fuel our success for another 50 years," he said. "This work begins with an historic commitment to basic science and applied research."

And he set forth a wish list including solar cells as cheap as paint; green buildings that produce all the energy they consume; learning software as effective as a personal tutor; prosthetics so advanced that you could play the piano again and "an expansion of the frontiers of human knowledge about ourselves and world the around us.'

Obama said he plans to double the budget of key science agencies over a decade, including the National Science Foundation, Department of Energy Office of Science and the National Institutes of Standards and Technology.

He also announced the launch of the Advanced Research Projects Agency-Energy. It is a new Department of Energy organization modeled after the Defense Advanced Research Projects Agency, that led in development of the Internet, stealth aircraft and other technological breakthroughs.

And he said the Energy Department and the National Science Foundation will offer programs and scholarships to encourage American students to pursue careers in science, engineering and business related to clean energy.

I like it. Americans of 2050, you're welcome.

via Yahoo Finance