The Commerce Department released its America Competes report and its
new web site. In remarks to the Brookings Institution, Commerce Secretary Bryson underscored that this report makes a key point that strong businesses alone are not the only explanation for our past competitiveness. The federal government has made a decisive difference in building competitiveness in three areas: education, infrastructure, and basic research.
The Secretary emphasized that policy has been driven more recently by a shortening focus. He underscored the difference between expenditures and investment. Policy-makers have blurred the difference, to our damage. The federal commitment to longer term investment has been declining for a number of years.
Federal policy-makers have "rested on the laurels" of the 20th century economy. In contrast, the countries with which we competed have become dramatically more disciplined and sophisticated.