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Thank you very much. Please, have a seat. Thank you. Thank you, MIT. (Applause.) I am -- I am hugely honored to be here. It's always been a dream of mine to visit the most prestigious school in Cambridge, Massachusetts. (Applause.) Hold on a second -- certainly the most prestigious school in this part of Cambridge, Massachusetts. (Laughter.) And I'll probably be here for a while -- I understand a bunch of engineering students put my motorcade on top of Building 10. (Laughter...
This tells you something about MIT -- everybody hands out periodic tables. (Laughter.) What's up with that? (Laughter...
...want I want to thank all of you for the warm welcome and for the work all of you are doing to generate and test new ideas that hold so much promise for our economy and for our lives. And in particular, I want to thank two outstanding MIT professors, Eric Lander, a person you just heard from, Ernie Moniz, for their service on my council of advisors on science and technology. And they have been hugely helpful to us already on looking at, for example, how the federal government can most effectively respond to the threat of the H1N1...
...Moniz is also the Director of MIT's Energy Initiative, called MITEI. And he and President Hockfield just showed me some of the extraordinary energy research being conducted at this institute: windows that generate electricity by directing light to solar cells; light-weight, high-power batteries that aren't built, but are grown -- that was neat stuff; engineering viruses to create -- to create batteries; more efficient lighting systems that rely on nanotechnology; innovative engineering that will make it possible for offshore wind power plants to deliver electricity even when the air is still...
Even in the darkest of times this nation has seen, it has always sought a brighter horizon. Think about it. In the middle of the Civil War, President Lincoln designated a system of land grant colleges, including MIT, which helped open the doors of higher education to millions of people. A year -- a full year before the end of World War II, President Roosevelt signed the GI Bill which helped unleash a wave of strong and broadly shared economic growth. And after the Soviet launch of Sputnik, the first artificial satellite to orbit the Earth, the United States went about...