On the recordJanuary 24, 2011
I'm really excited about the President's speech tomorrow because I know he's going to stress the whole idea of investment and innovation. He talks about the fact that right now many of the corporations in this country are actually sitting on a lot of profit. I mean, in the last year or so many of them have actually made quite a bit of money, And we want them to reinvest that money in creating private sector jobs here. But one of the points he makes, and I talked a little bit about it tonight, is that the Federal Government has to incentivize all of this. In other words, I used an example with the drug companies that the Federal Government, by doing some research on new drugs, can incentivize the drug companies in my district to do more and create more jobs. But there is also an educational component to it as well. We need to do more in terms of education. It's no surprise that in the middle of this pharmaceutical industry in my district sits Rutgers University. There is a lot of money through the stimulus act, for example, that went to Rutgers to do R&D that is then taken up by the drug industry. So it's part of a whole package, and I am very excited about it.
