Of individuals like the clintons, who worked hard for the middle class throughout their entire lives. [applause] hillarys here today to talk about economic growth. She is here to talk and take your questions regarding our economy. We had this promise here in america. That promise is if we all work hard and we play by the rules we can get ahead. You folks who dont know me, i have run a business here for 40 years. Im in the boat business in dover. I can tell you that they are saying a rising tide floats all boats. I can tell you that the greatest expansion in peacetime since world war ii is during a time that the clintons from arkansas occupy the white house. [applause] and i dont know about you but we are still here in dover we are still members of the working class, middleclass families, and we need an ally. We need an ally in the white house. That will not forget where they came from. I can tell you and you have my word that the clintons never forgot where they came from. Ever. [appla
World. And the evidence is that these patent Innovation Box policies are not very good at that because what theyre targeting is the income generated from the patents rather than the research that leads to them. This is true of lots of r d tax credits. In holland they just designed one which is quite intelligent, i think, because it targets the research that leads to the r d. So the labor hired rather than the income generated from that r d. But i think we should remember that, for example, the act which in 1980 allowed publicly funded research to be patented. If you read that act, its really interesting. They also say we better make sure that the taxpayer doesnt pay twice, right . So just like year, i think the nih spent arounded 39 billion in research, both basic and applied. And the problem is what happens to the prices of these drugs . Do they reflect that input . So its not only and ive been reading a lot about this, but the pricing mechanism itself could be one way to be rewarded
Now that is 10 trillion. So there are not many places you can say i can take 10 trillion out of the spending stream to keep you healthier. Let me follow up on this now speaker gingrich. You are a conservative and as a result may have credibility than i do in some circumstances on the question on the role of government here. Why isnt it enough to count on private industry to do this . Why do we have to have a substantial investment from the federal government . Its a question about American History. [ inaudible ] and i are developing a project on why George Washington matters. And people dont often notice that the Founding Fathers wrote into the constitute a Patent Office because they so deeply believed in the future. They made investments. The First Federal highway was built during washingtons lifetime. They believed in improving things. They talked about them as improvements. Jefferson launched an expedition to the west and there was a Childrens Book on this called from sea to shining
Acknowledging the costs and consequences if we had to take a course of action. Secretary carter speaking now just very generally and not specifically, the two things that make it the successful implementation and agreement preferable from that point of view to a strike is the effects of a strike are temporary. And secondly, iran would, as i said earlier, respond to an American Military strike upon iran and one needs to a through what the set when steps are including the possibility that iran, at that point, would become irreconcilably committed to getting a Nuclear Weapon. I say that is predicated on the effective implementation of this agreement. Effectively implemented, the agreement stops iran for 15 years. Way beyond that. So we are comparing that situation, which is effective implementation complete implementation of this agreement to military options. There may not be effective upon mentation of this agreement. We have to recognize that there may not be any agreement and so forth
So i look forward to working with you on that. Former administrator pistol implemented a riskbased approach to passenger screening. However, both the Government Accountability office and the office of Inspector General have identified shortcomings with this approach. Especially when it comes to granting passengers expedited screening through managed inclusion. Significant shortcommings that ive observed with with managed inclusion include problems with the model used to identify passengers for this managed Inclusion Program. And the usefulness of having behavior that takes an officer to implement the managed Inclusion Program. And the reason i say that, mr. Director, is we have been asking for whatever science thats available relative to behavior detection officers and how that falls into this layered system of protection and unfortunately weve yet to get that report back from a scientific standpoint. This past monday legislation introduced by subcommittee chairman katko Ranking Member