This morning, Obama made a huge pledge to focus more money on scientific research‚ÄĒmore than the US spent during the space race. In fact, it's almost as much as we spend on defense.

I believe it is not in our American character to follow‚ÄĒbut to lead. And it is time for us to lead once again. I am here today to set this goal: we will devote more than three percent of our GDP to research and development... This represents the largest commitment to scientific research and innovation in American history.

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Obama plans to funnel money into new initiatives such as the Advanced Research Projects Agency for Energy (ARPA-E), which is to be a cousin of DARPA, the agency that had a large hand in the development of the internet.

The bottom line is that if you're a fan of new technologies being developed on US soil, you should be pretty damned excited. [Salon via Purns]

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