NIH: What FDR Lacked--And BHO Has

The National Institutes of Health like to claim that they were founded in 1789--and who can blame them? An institution thats as old as the Republic.

But the NIH only really got organized in 1938. When FDR wanted to stimulate the depressed economy with federal spending, research dollars really were no option.

But today we know that a dollar spent to fund basic health research typically adds two dollars to the national economy. This is the great multiplier.