NIH research

Hillary Clinton recently got into some trouble when she stated that businesses do not create jobs. Not sure what she meant by that but some say that it is the government that creates jobs and that is correct in one respect. When the government spends money on R&D it indirectly creates jobs since new discoveries lead to new products and industries. Elizabeth Warren, liberal from Massachusetts, has proposed that the money from fines levied against pharmaceutical companies be used for research for new medicines and this sounds reasonable. These large drug companies profit from government research and further research will bring more profits. The National Institute of Health (NIH) has done the ground work for many of today’s drugs and the drug companies benefit from this. This is one way that government and private business co-operates to help everyone.