... the president uniquely presented an overall strategy for the country, not unlike a SWOT strategy (strengths, weaknesses, opportunities, threats) used in corporate planning. More the strategy was intertwined in a vision for the U.S.--a vision of leadership through innovation. As I've argued in my recent book The Comeback: How Innovation Will Restore the American Dream, to reassert America's economic leadership in the world Washington must place innovation at the center of U.S. domestic policy.
Which is why it was odd to hear the president refer to today's "Sputnik moment" and call for increased government funding of research and technology initiatives. It's almost as if nothing has happened innovation-wise between 1969 when Neil Armstrong walked on the moon and Tuesday's speech.
... But it's not so much the label that should bother businesses, but rather the choose-a-winner assumption behind the president's innovation agenda. At the beginning of his speech the president rightly noted that "none of us can predict with certainty what the next big industry will be, or where the new jobs will come from." This is precisely why the government shouldn't be deciding which industry or company to reward with taxpayer dollars.
[read article at the above link]
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