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One major difference between socialism and capitalism is the financial role of government in the private sector. President Obama said in a press conference on science today, “I believe it is not in our character, American character, to follow — but 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 3 percent of our GDP to research and development.” But has it been the government who has lead in technology?  Getty, Goddard, Ford, Jobs, Gates, and many others made incredible advances without being on the government payroll.
This is the American character. Pulling ourselves up by our own bootstraps and being reliant on the ingenuity of our citizens and not our government is what has made America great. If we are to continue to be great, the government needs to get out of the way, not stand in the middle of it. If President Obama wnats to stimulate scientific research, he should cut taxes on private companies who do scientific research and allow the market to drive new technology, not raise taxes so that he can finance his projects.