The Questions…. An analysis
Question 1. Innovation and the Economy. Science and technology have been responsible for over half of the growth of the U.S. economy
since WWII, when the federal government first prioritized peacetime science mobilization. But several recent reports question America’s continued
leadership in these vital areas. What policies will best ensure that America remains a world leader in innovation?
Approximately 160 words
Flesch reading ease: 36.68
Approximate grade-level requirement for comprehension: 12-15 yrs
Opening thrust: Globally competitive, 21st Century; environment where invention, innovation, industry flourish. American economy to be built on
manufacturing, energy, and skills.
Embedded "promise(s)": doubling funding on key-research agencies in support of scientists and entrepreneurs. Education to ensure highly-skilled
workers... "Prepare" 100,000 science and math teachers in the next 10 years.
Approximately 680 words
Flesch reading ease: 32.90
Approximate grade-level requirement for comprehension: 13-14 yrs
Opening thrust: Economic growth, job creation, competitiveness, notes doubling of wage-growth in innovation oriented jobs.
Embedded "promise(s)": Stronger middle-class based on principles of hard work, free enterprise and innovation. Simplify tax-code, reform
job-training, reduce regulatory burdens, and protect American intellectual property.
Innovation and the Economy.
President Obama's response (once again... his staff's approved" response)....
…can be criticized from the perspective of providing more government resources to key agencies... a perspective which many fiscal conservatives may
scoff at... that is up until their political contributions come into play. He seems focused on industrial manufacturing, energy (innovation?) and a
better (educated?) workforce.
Governor Romney's response (as above, his staff's approved response)....
…is far more robust, as a result opening much more room for dissent. Romney invokes a few bulleted categories in his response so my analysis
abstract will be slightly more wordy (apologies). In the structure of the answer we see a more all-encompassing tone envelope the response: Romney
offers what will promise to be an oft-repeated phrase "A growth Agenda," this is supposed to 'reward' innovation on the part of entrepreneurs and
workers... the first item in this agenda is
- Human Capital - starting with immigration reform to "attract and retain" the best and the brightest... who I presume will 'equip more American' with
the skills they evidently lack. I find the idea of "Human Capital" repugnant on its face, and find linking immigration reform to science innovation a
bit of a stretch.
- Taxes - tax reform, lower corporate tax rate to 25% and permanently fix the R&D tax deduction... his concern is directly fixed to investors and
- Regulation - Reduce the power of unaccountable regulators. Require all major regulations go through Congress and that the potential for cost
increases to due regulatory requirements be capped. Rather than eliminate unaccountable regulators, he wants to simply neuter them. And he wants to
expand direct congressional (i.e. political) wrangling in regulation of industry.
- Trade - Open "new" markets, create "Reagan Economic Zones" (read trickle down.) Confront China, remove access to Chinese trade where intellectual
infringement has occurred in the market. In previous analysis I have explained my understanding that "Trickle-Down" is a political term for allowing
Congressmen and Senators to become obscenely wealthy by allowing them first access to profitable investment opportunities.... although the political
veneer on the term seemed to imply that the wealth would trickle down to all citizens.., not just the politically relevant ones.
Romney's response also identifies a "Foundation for Innovation" with two pillars to support it
- Education - in which he defines K through 12 as "lagging" (but failing to note since when - which would demonstrate the coincidence that the lag
started and intensified the more the federal government intervened.) He cites the American higher education system as the envy of the world (while
failing to specify that the envy is about its profitability, not its effectiveness.)
- Basic Research - Attacking Obama by name (not the only time) Romney discourages the idea of an administration championing what a venture capitalist
should be doing as with the failed solar energy company. He tells us that as president, he will focus government resources on that which will serve
as a foundation for private sector innovation and commercialization.
How cynical can I get about the first question?
Here it is: On one hand we have “America needs to have good workers… we don’t have them;” on the other we have “Middle-class Americans
lack the value of “hard work.” Americans are less educated American commerce is all that matters, we need to generate revenue for the economy
and that has to come from for-profit commerce via manufacturing … that’s it… that’s the formula for success in “science and innovation” we
need riches…. Otherwise we can’t innovate, invent, or even research. Obama submits energy is as important… Romney thinks that more rich
investors are the key to success.
How any of that directly fosters innovation and research is beyond me.
edit on 14-9-2012 by Maxmars because: (no reason given)