[quote=captcha]Right. I jus wanted to point out that the benefits are not limited to products and companies from seventies. The incubator is still operational.[/quote]
Captcha: It absolutely is. That is one area where America still enjoys a lead.
Putting more money back into R&D, especially in areas like energy, nano- and bio-tech would create market making opportunities. Investing money in a planned infrastructure system (fed and states tying programs together) would not only create jobs, it would contribute to a more efficient and better functioning transportation network (we lose billions a year in lost productivity due to gridlock and aging infrastructure).
There are plenty of examples of private-public partnerships, wherein you can connect the big things that government does well with the efficiencies of the private market.