The Clintonites' New Quagmire: Subsidies For High Tech

In contrast to the Administration's foreign and domestic policy stumbles, President Clinton's technology policy is a hit with most business leaders. The White House has impressed them with an ambitious set of research and development subsidies aimed at boosting industrial competitiveness. Initiatives range from developing superefficient clean-burning cars to jump-starting the U.S. flat-panel industry, and more is on the way. The Administration wants to spur innovation in the hidebound construction industry and aid development of "green" technologies.

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