Slashdot Mirror
First Human Embryonic Stem Cell Study Approved
dogmatixpsych writes "The FDA recently approved a privately funded study where human embryonic stem cells will be transplanted into subjects with complete spinal cord injuries. All trials will be paid for and conducted by researchers working for Geron Corporation. The stem cells come from the existing lines Pres. Bush approved federal funding for in August 2001. With Barack Obama now president, many scientists believe federal funding will soon become available for embryonic stem cell research on new cell lines, resulting in additional similar studies."
It should be noted that, since this study is privately funded, it could have been done at any time during the Bush or Clinton Presidencies.
It should be further noted that, since this study uses one of the "approved" stem cell lines, it could have acquired Federal funding during the Bush Presidency (but not during the Clinton Presidency, since when Clinton was President NO stem cell research was getting Federal funding).
In other words, this particular study provides no evidence whatsoever that anything has changed in any way, however slight.
"I do not agree with what you say, but I will defend to the death your right to say it"
The REPUBLICANS weren't behind the "affordable housing mission". Democrats blocked regulation in 2004, attacking the regulator, and defeated the Federal Housing Enterprise Regulatory Reform Act of 2005, cosponsored by John McCain. Democrats like Barney Frank cried racism whenever the republicans suggested regulating Fannie Mae and Freddie Mac, and had control of the house financial services committee which oversees the GSEs.
"I worry, frankly, that there's a tension here. The more people, in my judgment, exaggerate a
threat of safety and soundness, the more people conjure up the possibility of serious financial losses to the Treasury, which I do not see. I think we see entities that are fundamentally sound financially and withstand some of the disastrous scenarios. And even if there were a problem, the Federal Government doesn't bail them out . But the more pressure there is there, then the less I think we see in terms of affordable housing."
Rep. Barney Frank (D., Mass.)
House Financial Services Committee hearing
Sept. 10, 2003
"I think this is a case where Fannie and Freddie are fundamentally sound, that they are not in danger of going under. They're not the best investments these days from the long- term standpoint going back. I think they are in good shape going forward. They're in a housing market. I do think their prospects going forward are very solid. And in fact, we're going to do some things that are going to improve them."
Rep. Barney Frank (D., Mass.)
July 14, 2008
"I join as a cosponsor of the Federal Housing Enterprise Regulatory Reform Act of 2005, S. 190, to underscore my support for quick passage of GSE regulatory reform legislation. If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole.
I urge my colleagues to support swift action on this GSE reform legislation."
John McCain
May 26, 2006
Here are some additional quotes from the Fannie/Freddie Fraud Investigation in 2004
BAKER (R-LA): It is indeed a very troubling report, but it is a report of extraordinary importance not only to those who wish to own a home, but as to the taxpayers of this country who would pay the cost of the clean up of an enterprise failure.
WATERS (D-CA): Through nearly a dozen hearings where, frankly, we were trying to fix something that wasn't broke, Mr. Chairman, we do not have a crisis at Freddie Mac, and particularly at Fannie Mae, under the outstanding leadership of Mr. Frank Raines.
MEEKS (D-NY): As well as the fact that I'm just pissed off at OFHEO, because if it wasn't for you, I don't think that we'd be here in the first place, and now the problem that we have and that we're faced with is: maybe some individuals who wanted to do away with GSEs in the first place, you've given them an excuse to try to have this forum so that we can talk about it and maybe change the, uh, the direction and the mission of what the GSEs had, which they've done a tremendous job. There's been nothing that was indicated that's wrong, you know, with Fannie Mae! Freddie Mac has come up on its own. And the question that then presents is the competence that -- that -- that -- that your agency uh, uh, with reference to, uh, uh, deciding and regulating these GSEs. Uh, and so, uh, I wish I could sit here and say that I'm not upset with you, but I am very upset because, you know, what you do is give -- you know, maybe giving any reason to, as Mr. Gonzales said, to give someone a heart surgery when they really don't need it.
ROYCE (R-CA): In addition to our important oversight role in this committee, I hope that we will move swiftly to create a new regulatory structure for Fannie Mae, for Freddie Mac, and the federal home loan banks.
CLAY (D-MO): This hea
You don't make the poor richer by making the rich poorer. - Winston Churchill
Why, Obama didn't do anything specific on this. The ban on stem cell research was always dealing with public finds. This article, even in the summery, says that it is being privately funded.
Also, the timing is just too close to Obama's term to be something he has done. The FDA requires some pretty stringent studies and tests before it will allow something to be tested on humans. The request to the FDA for approval for the trials/stufy was probably filed months ago with tests and stuff being done years before that. It's been less then a week since Obama took office and I doubt that is enough time to submit, review, qualify and approve something with the FDA.
If you need to cheer something, cheer private industry that didn't sit around waiting for the government to hand them money to get what they wanted to do done. Hurray for capitalism and private charity.