Staying positive and looking at silver linings is good for the immune system.

It’s beyond tragic that the wall street financial ‘risk takers’ (cough cough, $700B payoff) are being rewarded with our tax dollars and our children’s tax dollars while they have effectively pulled the liquidity rug out from under the life science industry.

Interestingly, China is on the path to lead in patents shortly:

http://www.alertnet.org/thenews/newsdesk/N09397137.htm

There is an abundance of innovation and scientific advancement in this country. Thousands of patents sit untouched at the finest research universities in the world.

It’s a shortage of accountability, regulation and, now, liquidity… the result of an abundance of empire building and greed, that leaves the industry hanging on a cliff.

With the adults back in charge, let’s hope we recover our national standing and honor, and importantly, hold the law breakers accountable so we can avoid such fiascos in the future.

The culling has begun…real people, real jobs lost…promising drug therapies abandoned…therapies and human capital are being set out on the curb.

For perspective, $10 Billion spent each month in Iraq. 10,000 $10 Million Series A financings A MONTH. Clean tech, biotech.

NIH Budget 2007 $28B. Three months in Iraq $30B.

It is up to us to hold those in office accountable to enact the change we need.

Jeez.