Restoring Science To Its Rightful Place In America
February 2, 2009, 12:00 AM EST
Law360 (February 2, 2009, 12:00 AM EST) -- President Obama has pledged to restore science to its rightful place in America. This is music to the ears of scientists and those of us in the innovation business, but it will be no easy task to marshal the resources to make this a reality, given the vicious downward spiral gripping the U.S. economy.
In this downward spiral, a contraction in credit is fueling unemployment and foreclosures, leading to financial sector losses and a further contraction in credit, leading to more unemployment and foreclosures.