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Postwar U.S. was the world's leader in science and technology. The investment in science research was staggering.

The social and economic impact of innovative American researchers, companies, and workers over the course of U.S. history have been enormous.

After World War II, scientific research in the U.S. was well supported. In the 1960s, when I came to America, the sky was the limit, and this conducive atmosphere enabled many of us to pursue esoteric research that resulted in America winning the lion's share of Nobel Prizes.

The world has changed profoundly since our programs were first established.

America still has the right stuff to thrive. We still have the most creative, diverse, innovative culture and open society - in a world where the ability to imagine and generate new ideas with speed and to implement them through global collaboration is the most important competitive advantage.

The United States is still an enormous generator of innovation, from which other nations have long benefitted. But we now also have the opportunity to benefit from innovation taking place around the world.

America - a great social and economic experiment, noble in motive and far-reaching in purpose.

I have to tell you that the innovation and the technology and the entrepreneurship of the world still lies in the United States of America.

Innovation is what America does best. Whether it is the Apollo Project to the moon, developing the most advanced defense technologies available, the rise of the Internet or the latest advancements in biomedical gene therapies, our nation leads the world in transformative innovations.

That our government should have been maintained in its original form from its establishment until now is not much to be wondered at. It had many props to support it through that period, which now are decayed and crumbled away. Through that period, it was felt by all to be an undecided experiment; now, it is understood to be a successful one.