On the recordFebruary 15, 2006
Under the current control of the Federal Government, if China invades Taiwan, we will have to borrow money from China to fight the war. That is a very sad irony, if not a joke. I wanted to point out one thing before we finish, an aspect of the Democratic Innovation Agenda that we have not talked about, and that is our efforts to help small businesses innovate because Democrats recognize that small businesses are tremendous engines of innovation. That is where a lot of our creative genius comes out. I want to point out a few things that we have proposed to make sure that small businesses are successful in innovating, and one is we have a constellation of proposals that will help small businesses across what is called the valley of death which is where they cannot get financing when they have a good idea but cannot quite get to commercialization. We would make sure that the Small Business Innovation Research Program is held up and supported. This administration is actually cutting the availability of small businesses to use the innovation grant program to get their innovations to market. They purport to believe in the power of business but will not help them with that. Second, we propose that we will help reward risk taking and entrepreneurship by promoting broad-based stock options, and not just for top dogs in corporations but for the rank and file.…
Source
govinfo.gov




