If you look at stock prices for biotechs under the Bush administration vs. under the Obama administration, you can see which administration was committed to creating the conditions for innovation in medicines and therapies and which is not.

What socialist economy has produced consistent leadership in biotech?

And if you look at today’s reaction to Obama’s lifting the stem cell ban, you can see that it was never that big of an issue economically for these companies. They had sources for their lines and didn’t need the federal government’s help.