As we’ve noted before, Stem Cells don’t deliver the promise. The embryos killed to harvest the cells certainly would think so.
The Folly of Stem Cell Subsidies
by Kmele Foster | March 27, 2009
President Obama’s decision earlier this month to overturn restrictions on federal funding of embryonic stem cell research was widely praised by supporters. Yet even setting aside the moral controversy involved, there are good reasons to challenge the wisdom of devoting public dollars to the cause. Despite the President’s stated desire to spur innovation and dislodge the “ideology” and “false choice” that he believes drove George W. Bush to restrict funding in the first place, publicly funded research inevitably suffers from the perverse consequences of political wrangling.
Cash-strapped California’s $6 billion foray into publicly funded stem-cell research illustrates the pitfalls of government-sponsored science. Its still uncertain just what impact increased federal funding will have on California’s four-year-old initiative. In November 2004, California voters approved Proposition 71, establishing the California Institute for Regenerative Medicine (CIRM), and funding it with a 10-year, $3 billion bond measure that will ultimately cost taxpayers an additional $3 billion in interest payments. The public campaign for Prop 71 was an intense multi-million-dollar undertaking. Right-to-life advocates mobilized in opposition to the measure, while supporters created their own emotionally-charged campaign ads featuring the likes of Parkinson’s sufferer Michael J. Fox.
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