I was around for the launching of Sputnik in 1957. It created a huge wave of shock and paranoia. Obama was trying to create a mood of crisis in the country, and for a reason: That's the only way we get things done.
The ultimate paradox facing the president -- and the country as a whole -- is that while innovation, education and infrastructure are necessary ingredients for global competitive success, they offer no guarantee.
President Obama reaffirmed his economic philosophy in the State of the Union address -- a government that works, invests, delivers opportunity, and that we can believe in. It is a lean government, not a big government.
By extending tax cuts to the wealthy, shrinking the estate tax, and freezing discretionary spending, Obama is leaving almost nothing for education and infrastructure -- precisely what we need to get back on top internationally.
Obama spoke yesterday about the costs of the displacement of manufacturing and textiles. Both were caused by the decades-long Reagan Revolution led divestment from America -- not the last several years.