The President’s budget calls for flat spending on R&D, adjusted for inflation.
Is this good news or bad news? Depends on what your expectations are. The general reaction was favorable.
Science News wrote:
President Obama sent the research community a valentine of sorts in his proposed 2012 federal budget. Sent to Congress on February 14, the budget was a pledge to fight for increased investment in research and education even as the president committed to a belt-tightening for most segments of federal spending.
Mark Muro and Kenan Fikri at the New Republic wrote:
In sum, whether slightly surreal or not, given the uncertainty of the present environment, it is important and appropriate that the White House has put down a strong marker for investment and growth through innovation even though the 2012 budget dialogue will be focused on cost cutting.
Personally, I’ve got a wait-and-see attitude. I worry that the White House is still in a pro-regulatory mood that will encumber innovation.