Obama Says U.S. Faces ‘Sputnik Moment’ in Global Race
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President Barack Obama said the U.S. is facing a “Sputnik moment” in the race to educate and train a workforce that can compete in the global economy and to put the nation’s finances in order.
The Soviet Union’s launch of the first satellite in 1957 was a “wake up call” that spurred a U.S. focus on science and math education that helped make the nation dominant in technological development, Obama said. Today, the U.S. is facing a similar challenge from rapidly growing economies such as China, India and South Korea.