The economy took a nose-dive in the fall of 2008, with all indicators showing a free fall: inflation at nearly 6 percent—its highest level in 17 years—unemployment at 6 percent, no net job growth in the private sector for most of 2008, plummeting housing prices, and record losses in the banking industry. Public investments in technology, a major component of which is the Internet, have reaped huge benefits for the economy in the past. Remember, however, that it is science that supports the technology we need to keep America great in the 21st century.
Excerpt from:
New Year, New Administration, New Opportunities
