Political Quotes

“now I would like to turn our attention to an issue that is also dealing with our supply chain, and that is the issue of Congress moving forward on the differences between the House and Senate bills on America's investment in R&D and innovation. As the chart shows, our investment today equals U.S. jobs in our economy tomorrow. So the United States Competition Act or, as we passed it here, the United States Innovation and Competition Act is at a crossroads because we need to get it into conference. Other countries definitely aren't waiting--I guarantee you that. They are making investments in innovation and technology. Where we are in the United States is we are at a 45-year low in the amount of investment in R&D against our GDP. So we are not keeping pace. Many times I have been out on the floor here talking about why we are not keeping pace. We tried. Unfortunately, we tried several years ago and then had an economic downturn. So everybody signed up: Let's put more into R&D investment. Then we had an economic downturn, and we never fulfilled that promise. So the real consequences of that are we are now behind in some very key sectors that we need to make investments in. The good news for us is that people are willing to make those investments, like the Intel company, which just decided recently to make a multibillion-dollar investment in the State of Ohio to grow chip fabrication there. So we have opportunities if we make these investments.…”