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David McCormick: “We also need to double down on basic R and D.”

Featuring: David McCormick, Republican | U.S. Senate, Pennsylvania

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David McCormick on the Bank Panic and a Possible Senate Run | Potomac Watch Podcast: WSJ Opinion

Published | Video Starts at 15:25

There's got to be a market based approach to ensuring through tax incentives and through potential government capital, which can take first loss and draw private capital into key sectors, not companies. To ensure that America is competing in those areas adequately. We also need to double down on basic R and D. Now, that's a controversial notion. And I take that on because the risk is what you say, which is you have industrial policy where the Democrats are making it a … (15:25–15:28)

CLAIM

Asserts the need for increased investment in basic research and development in the U.S.

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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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