Government Stimulus

November 1, 2010 · by NovaEconomics · US Manufacturing

Remember the 1960’s. We had some brilliant leadership in those days. We had a president who used government funds to stimulate invention and growth in science. The result among other things was the space program, aerospace, computers, internet, science, engineering, innovation and list continues.

Unfortunately, our current leadership took billions of dollars and “flushed it” down the proverbial toilet of banking and financial institutions. No noticeable results. Well except for huge layoffs and high unemployment.

However, our leadership can make a difference by using government funds to fund a project. A project that requires science and engineering. A government funded project that encourages small US-based engineering and manufacturing companies to participate. Perhaps the government will also impose Berry Amendment compliant standards which would keep the funds in US-based engineering companies. Projects could be varied with topics including energy, biofuels, alternative medicine, and the list of possibilities are endless.

Wouldn’t that be a coup for our president. A step of this magnitude would result in US growth in segments that will make a difference.

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  3. The antithesis of Government Stimulus. “CNN Breaking News … Space shuttle Atlantis blasted off from Kennedy Space Center in Florida on Friday, July 8, 2011, marking the final launch of NASA’s space shuttle program. NASA is retiring its flagship fleet after 30 years of service. Atlantis, along with Endeavour, Discovery, Columbia and Challenger, have collectively carried humans more than a half a billion miles in orbit around the Earth, spanning 130 flights. “Final liftoff of Atlantis. Shoulders of the space shuttle. America will continue the dream,” an official from NASA’s launch control announced.”