America have Challenge

THE PRESIDENT: Thank you very much. Please, have a seat. Thank you. Thank you, MIT. (Applause.) I am -- I am hugely honored to be here. It's always been a dream of mine to visit the most prestigious school in Cambridge, Massachusetts. (Applause.) Hold on a second -- certainly the most prestigious school in this part of Cambridge, Massachusetts. (Laughter.) And I'll probably be here for a while -- I understand a bunch of engineering students put my motorcade on top of Building 10. (Laughter.)

This tells you something about MIT -- everybody hands out periodic tables. (Laughter.) What's up with that? (Laughter.)

I want I want to thank all of you for the warm welcome and for the work all of you are doing to generate and test new ideas that hold so much promise for our economy and for our lives. And in particular, I want to thank two outstanding MIT professors, Eric Lander, a person you just heard from, Ernie Moniz, for their service on my council of advisors on science and technology. And they have been hugely helpful to us already on looking at, for example, how the federal government can most effectively respond to the threat of the H1N1 virus. So I'm very grateful to them.

We've got some other special guests here I just want to acknowledge very briefly. First of all, my great friend and a champion of science and technology here in the great Commonwealth of Massachusetts, my friend Deval Patrick is here. (Applause.) Our Lieutenant Governor Tim Murray is here. (Applause.) Attorney General Martha Coakley is here. (Applause.) Auditor of the Commonwealth, Joe DeNucci is here. (Applause.) The Mayor of the great City of Cambridge, Denise Simmons is in the house. (Applause.) The Mayor of Boston, Tom Menino, is not here, but he met me at the airport and he is doing great; he sends best wishes.

Somebody who really has been an all-star in Capitol Hill over the last 20 years, but certainly over the last year, on a whole range of issues -- everything from Afghanistan to clean energy -- a great friend, John Kerry. Please give John Kerry a round of applaus. (Applause.)

And a wonderful member of Congress -- I believe this is your district, is that correct, Mike? Mike Capuano. Please give Mike a big round of applause. (Applause.)

Now, Dr. Moniz is also the Director of MIT's Energy Initiative, called MITEI. And he and President Hockfield just showed me some of the extraordinary energy research being conducted at this institute: windows that generate electricity by directing light to solar cells; light-weight, high-power batteries that aren't built, but are grown -- that was neat stuff; engineering viruses to create -- to create batteries; more efficient lighting systems that rely on nanotechnology; innovative engineering that will make it possible for offshore wind power plants to deliver electricity even when the air is still.

And it's a reminder that all of you are heirs to a legacy of innovation -- not just here but across America -- that has improved our health and our wellbeing and helped us achieve unparalleled prosperity. I was telling John and Deval on the ride over here, you just get excited being here and seeing these extraordinary young people and the extraordinary leadership of Professor Hockfield because it taps into something essential about America -- it's the legacy of daring men and women who put their talents and their efforts into the pursuit of discovery. And it's the legacy of a nation that supported those intrepid few willing to take risks on an idea that might fail -- but might also change the world.

Even in the darkest of times this nation has seen, it has always sought a brighter horizon. Think about it. In the middle of the Civil War, President Lincoln designated a system of land grant colleges, including MIT, which helped open the doors of higher education to millions of people. A year -- a full year before the end of World War II, President Roosevelt signed the GI Bill which helped unleash a wave of strong and broadly shared economic growth. And after the Soviet launch of Sputnik, the first artificial satellite to orbit the Earth, the United States went about winning the Space Race by investing in science and technology, leading not only to small steps on the moon but also to tremendous economic benefits here on Earth.

So the truth is, we have always been about innovation, we have always been about discovery. That's in our DNA. The truth is we also face more complex challenges than generations past. A medical system that holds the promise of unlocking new cures is attached to a health care system that has the potential to bankrupt families and businesses and our government. A global marketplace that links the trader on Wall Street to the homeowner on Main Street to the factory worker in China -- an economy in which we all share opportunity is also an economy in which we all share crisis. We face threats to our security that seek -- there are threats to our security that are based on those who would seek to exploit the very.

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