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California: The Folly of Stem Cell Subsidies

By Alliance Alert

Kmele Foster writing at AFF Doublething Online: "So what has CIRM actually accomplished since Prop 71?s passage? Not much. In a September 2008 report for the Competitive Enterprise Institute, Sigrid Fry-Revere and Molly Elgin find that only 15% of the money CIRM has distributed has been devoted to actual research. The remaining 85% has been devoted to building infrastructure and training scientists in California?s enormously expensive higher education system. Fry-Revere and Elgin also cite the repeated legal challenges to Prop 71?s constitutionality, which have reduced CIRM?s effectiveness. Not surprisingly, California?s deepening deficits have also impaired CIRM?s traditional investment and fundraising efforts."

Full post as published by Constitutionally Correct on March 27, 2009 (boomark / email).