President Barack Obama signed his $787 billion economic stimulus bill in February 17, 2009(Ref. http://en.wikipedia.org/wiki/American_Recovery_and_Reinvestment_Act_of_2009).
Among the $787 billion stimulus bill, total of $102 billion will be dedicated for technology related investments such as broadband communications, smart grids, health care, energy, and R&D for sciences and engineering (Ref. http://online.wsj.com/public/resources/documents/STIMULUS_FINAL_0217.html).
Recent cover story, titled "Can Technology Save the Economy?", in June 2009 issue of Technology Review (http://www.technologyreview.com/business/22452/) expressed a concern over the stimulus bill's technology spending:
1. It offends conventional macroeconomic theory (short-term boon and labor intensive);
2. It could bring confusion for stimulus bill's immediate help for economy with technology's long-term role in creating economic growth.
A strategy for technology stimulus bill might be making roadmap for the detailed investment plan and time schedule for outcomes' role in creating economic growth. A proposal for short-term investment might be building the national knowledge infrastructure (integrated DB for science and engineering articles, intellectual properties, knowledge portals for innovation mining etc), which is labor intensive and short-term boon for long-term planning.
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