From TechRepublic:
The United States is losing its competitive edge in science and technology, and President Bush told Silicon Valley leaders Friday that the country can’t afford to let that happen.
Bush was at Cisco Systems headquarters to promote his plan to bolster America’s competitive advantage in technology. This is the same plan that the president outlined three months ago in his State of the Union address. He started off a panel discussion that included California Gov. Arnold Schwarzenegger and Cisco CEO John Chambers, telling the audience that the U.S. cannot afford to fall behind emerging economic powers such as China and India.
Click here to Play“Our economy is good, real good,” Bush said. “But the fundamental question is: Can it stay that way five years from now? Or 10 years?”
“The most important thing, in my judgment, to keep America competitive, is for the U.S. to remain at the bleeding edge of technology,” Bush said, adding that it made sense for the federal government to fund research and development to “ensure the U.S. remains the innovation center of the world.”