Obama Earmarks $5 Billion for ‘Cutting-Edge Medical Research’

September 30, 2009

(ChattahBox)—In a speech today at the National Institutes of Health, President Obama announced an ambitious plan to spend $5 billion on medical research and the upgrading of laboratories throughout the nation, distributed through 12,000 grant awards. The infusion of federal funds into medical research would create tens of thousands of jobs, said Obama.

The funds would come from the $787 billion economic stimulus package and will pay for “cutting-edge medical research in every state across America,” said the President. The medical grants are part of a larger $100 billion Recovery Act investment in science and technology to lay the foundation for the innovation economy of the future,” the White House added.

President Obama said he plans to target about one billion dollars to study the genetic causes of cancer and a large investment into research on autism. Another one billion would go towards genomic research.

Obama commended the National Institutes of Health, while at the same time acknowledging the slipping of “scientific integrity” during the Bush administration. “We know that the work you do would not get done if left solely to the private sector. Some research does not lend itself to quick profit,” he said.

In a push for his health care reform proposal Obama said, decades of research “make no difference to the family that is dropped from an insurance policy when a child gets sick.”

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4 Responses to “Obama Earmarks $5 Billion for ‘Cutting-Edge Medical Research’”

  1. "Obama Earmarks $5 Billion for ‘Cutting-Edge Medical Research’" and related posts | 7 Article on October 1st, 2009 2:26 pm

    […] original post here: "Obama Earmarks $5 Billion for ‘Cutting-Edge Medical Research’" and related po… Tags: Business, curiosity, entertainment, health, home, medical, medical-research, national, […]

  2. Albert R Johnson II on November 20th, 2009 10:08 pm

    WE THE PEOPLE OF AMERICA ARE THE ONES WHO HAS AMERICA IN THE MESS WE ARE IN . FOR ONE WE AS AMERICA DON’T KNOW HOW TO STAND BY OUR PRESIDENT THE FIRST THING THAT GOSE BAD IT THE PRESIDENT WE SO CALL AMERICA BLAME THE PRESIDENT. SO I SAY WE AMERICA HAS THINGS MESS UP

  3. Albert R Johnson II on November 20th, 2009 10:11 pm

    THEN WHY ARE WE SO CALL AMERICA ALWAYS SAY IT WAS THE PRESIDENT

  4. Albert R Johnson II on November 20th, 2009 10:28 pm

    AND THIS IS MY LAST ONE WE AS AMERICA NEED TO LEARN STAND BY YOUR
    PRESIDENT

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