Now is not the time to gut these job-creating investments in science and innovation. Now is the time to reach a level of research and development not seen since the height of the Space Race.
In ancient times and in our times, Muslim communities have been at the forefront of innovation and education.
As the world's largest economy and second-largest carbon emitter, as a country with unsurpassed ability to drive innovation and scientific breakthroughs, as the country that people around the world continue to look to in times of crisis, we've got a vital role to play. We can't stand on the sidelines. We've got a unique responsibility.
And so you [young Americans]need to be the Idea Generation. The generation who's always thinking on the cutting edge, who's wondering how to create and keep the next wave of American jobs and American innovations, who's figuring out how to out-compete the Idea Generations of Indias and Chinas of the world.
Cutting the deficit by gutting our investments in innovation and education is like lightening an overloaded airplane by removing its engine. It may make you feel like you're flying high at first, but it won't take long before you feel the impact.
It is time to put in place tough, new common-sense rules of the road so that our financial market rewards drive and innovation, and punishes short-cuts and abuse.
The values that we share - freedom of speech, freedom of religious practice, freedom for civil society, free and fair elections, all the innovation that's been created through a market-based economy - those things are ultimately going to be the path for us to continue into a better future. I hope that, despite some of the challenges we have, that people appreciate that.
When we think about immigration, we have to understand there are folks all around the world who still see America as the land of promise. And they provide us energy, and they provide us innovation. And they start companies like Intel and Google, and we want to encourage that.
There is a reason why George Washington is always one of the top three presidents, and it's not because of his prowess as a military leader; it's not because of the incredible innovations in policy that he introduced. It's because he knew when it was time to go.
Without investments in research and science that will create the next Apple, create the next new innovation that will sell products around the world, we will lose. If we're not training engineers to make sure that they are equipped here in this country, then companies won't come here. Those investments are what's going to help to make sure that we continue to lead this world economy not just next year, but 10 years from now, 50 years from now, a hundred years from now.
I think our basic principle that this is a free market system and that that has worked for us, that it creates innovation and risk taking, I think that's a principle that we've gotta hold to as well. But what I don't wanna do is get bottled up in a lot of ideology and is this conservative or liberal. My interest is finding something that works.
If we want to make the best products, we also have to invest in the best ideas... Every dollar we invested to map the human genome returned $140 to our economy... Today, our scientists are mapping the human brain to unlock the answers to Alzheimer's... Now is not the time to gut these job-creating investments in science and innovation. Now is the time to reach a level of research and development not seen since the height of the Space Race.
We know that the nation that goes all-in on innovation today will own the global economy tomorrow. This is an edge America cannot surrender.
We are convinced, as some of you may be convinced, that changing the way we produce and use energy is essential to America's economic future, that it will create millions of new jobs, power new industries, keep us competitive, and spark new innovation.
Societies in which we are able to unify ourselves around values and ideals and character and how we treat each other and cooperation and innovation, ultimately are gonna be more successful than societies that don't.
More broadly, Prime Minister Lee [Hsien Loong] and I will work to advance the US-Singapore partnership across the board. We're committed to sustaining the dynamism of our economies with the Trans-Pacific Partnership - the highest-standard trade agreement ever - which will support trade and innovation in both our countries.
Over the past eight years, the United States has worked hard to deepen partnerships across the region and across South-east Asia in particular. We're now a part of the East Asia Summit and we have a strategic partnership with Asean. At the US-Asean Leaders Summit I hosted earlier this year in Sunnylands, California, we agreed to a set of principles that will shape the future peace and prosperity of the region, from promoting innovation and furthering economic integration to addressing transnational challenges like global health security and climate change.
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