The Dallas Morning News Stocks are down, and President Bush is talking recession. Yet, he recently targeted three key science agencies for cuts. The research budget at the National Science Foundation would fall 4 percent, at the National Aeronautics and Space Administration 4 percent and at the Energy Department 3.5 percent. That's bad policy at the worst possible time. Problem is, that policy will derail technology innovation, our nation's economic igniter, which depends on federal investment in research.
Industry transforms promising discoveries into marketable goods.
There are thousands of examples of how the partnership can generate economic booms. I'll mention two homegrown ones. His far-fetched plan was to create a source of microwaves. He ended up hatching the laser. Texas industries quickly recognized the potential and began developing products.