China's Innovation Is Setting up the United States for "Sputnik 2005"

From journalstar.com: China's innovation: 'Sputnik 2005'

"Government research dollars have become scarcer over the past several years, Brian Halla said Monday, and that's setting up the United States for what he calls "Sputnik 2005."

That's the term the chairman and CEO of National Semiconductor Corp. uses to describe the moment when Americans "first realize that all the technology innovations are coming from China."

"Halla reminded his audience that the original Sputnik was a wake-up call notifying the United States it had fallen behind in the space race. Within months after the 1957 Soviet launch of the satellite, said Halla, President Dwight D. Eisenhower authorized $1 billion for the space program, and the U.S. was the first to the moon."

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