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Pelosi: Congress Will Continue to Work With President Obama to Build an Innovation Economy
September 21, 2009Speaker Nancy Pelosi released the following statement today following President Obama's speech in Troy, N.Y. on innovation and Energy Secretary Steven Chu's announcement in Washington on funding to modernize our electrical system and build a smart energy grid: "Today, President Obama reiterated a fundamental truth in America's economic history: innovation is the foundation for long-term prosperity. The President eloquently laid out a national strategy that has been lacking for a critical and fast-paced decade. Resting at the center of our recovery efforts, innovation is key to maintaining our nation's global competitiveness, creating jobs, and ensuring economic growth long into the future. "The challenges of the 21st century cannot be met with 20th century solutions, and the New Direction Congress will continue to work with President Obama to ensure that we invest in clean energy industries, promote new technologies, support basic research, and train our students for the jobs of tomorrow. Full release.