In a speech last week, President Obama outlined an ambitious plan to ratchet up math and science education. Take a look:You know, we live in a world of unprecedented perils, but also unparalleled potential. Our medical system holds the promise of unlocking new cures, but it's attached to a health care system that's bankrupting families and businesses and our government. The sources of energy that power our economy are also endangering our planet. We confront threats to our security that seek to exploit the very openness that is - is essential to our prosperity. And we face challenges in a global marketplace that link the trader to Wall Street to the homeowner on Main Street to the office worker in America to the factory worker in China; an economy in which we all share in opportunity, but we also share, unfortunately, in crisis. The key to meeting these challenges, to improving our health and well-being, to harnessing clean energy, to protecting our security and succeeding in the global economy, will be reaffirming and strengthening America's role as the world's engine of scientific discovery and technological innovation. And that leadership tomorrow depends on how we educate our students today, especially in those fields that hold the promise of producing future innovations and innovators. And that's why education in math and science is so important. Now, the hard truth is that for decades we've been losing ground. One assessment shows American 15-year-olds now rank 21st in science and 25th in math when compared to their peers around their world. And this isn't news. We've seen warring statistics like this for years. Yet, time and again, we've let partisan and petty bickering stand in the way of progress. And time and again as a nation, we've let our children down. So I'm here and you are here because we all believe that we can't allow division and indifference to imperil our position in the world. It's time for all of us in Washington and across America to take responsibility for our future. And that's why I'm committed to moving our country from the middle to the top of the pack in science and math education over the next decade. To meet the goal, the Recovery Act included the largest investment in education in history, while preventing hundreds of thousands of educators from being fired because of state budget shortfalls. Under the outstanding leadership of Arne Duncan, we've launched a $4 billion Race to the Top fund, one of the largest investments in education reform in history. And through the Race to the Top, states won't just be receiving funding; they'll have to compete for funding. And in this competition, producing the most innovative programs in math and science will be an advantage. In addition, we are challenging states to improve achievement by raising standards, using data to better inform decisions and take new approaches to turn around struggling schools. And because a great teacher is the single most important factor in a great education, we're asking states to focus on teacher effectiveness and to make it possible for professionals, like many of the people in this room, to bring their experience and enthusiasm into the classroom. But you are here because you know that the success we seek is not going to be attained by government alone. It depends on the dedication of students and parents and the commitment of private citizens, organizations and companies. It depends on all of us. And that's why, back in April, at the National Academy of Sciences, I issued a challenge: to encourage folks to think of new and creative ways of engaging young people in science and engineering. And we are here because the leaders in this room answered that call to action. Today we are launching the Educate to Innovate Campaign, a nationwide effort to help reach the goal this administration has set: moving to the top in science and math education in the next decade. We've got leaders from private companies and universities, foundations and nonprofits and organizations representing millions of scientists, engineers and teachers from across America. The initial commitment of the private sector to this campaign is more than $260 million, and we only expect the campaign to grow. Business leaders from Intel, Xerox, Kodak and Time Warner Cable are teaming up with Sally Ride and the Bill and Melinda Gates Foundation, as well as the Carnegie Corporation, to find and replicate successful science, math and technology programs all across America. "Sesame Street" has become a two-year initiative to teach young kids about math and science, and Discovery Communications is going to deliver interactive science content to 60,000 schools, reaching 35 million students. These efforts extend beyond the classroom. Time Warner Cable is joining with the Coalition for Science After School and FIRST Robotics, the program created by inventor Dean Kamen, which gave us the Cougar Cannon to connect 1 million students with fun after-school activities like robotics competitions. The MacArthur Foundation and industry leaders like Sony are launching a nationwide challenge to design compelling, freely available science-related video games. And organizations representing teachers, scientists, mathematicians and engineers, joined by volunteers in the community, are participating in a grassroots effort called National Lab Day to reach 10 million young people with hands-on learning. Students will launch rockets, construct miniature windmills and get their hands dirty. They'll have the chance to build and create, and maybe destroy just a little bit… to see the promise of being the makers of things, and not just the consumers of things. The administration is participating as well. We've already had a number of science-focused events with young people at the White House, including astronomy night a few weeks ago. The National Science Foundation and the Department of Energy, under the leadership of a terrific scientist, Steven Chu, have launched an initiative to inspire tens of thousands of students to pursue careers in clean energy. And today I am announcing that we are going to have an annual science fair at the White House with the winners of national competitions in science and technology. You know, if you win the NCAA championship, you come to the White House. Well, if you're a young person and you produce the best experiment or design, the best hardware or software, you ought to be recognized for that achievement, too. Scientists and engineers ought to stand side by side with athletes and entertainers as role models. And here at the White House, we're going to lead by example. We're going to show young people how cool science can be. Through these efforts, we're going to expand the scope and scale of science and math education all across America. And we're going to expand opportunities for all our young people, including women and minorities who too often have been underrepresented in scientific and technological fields, but who are no less capable of succeeding in math and science and pursuing careers that will help improve our lives and grow our economy. I also want to note that this is only the beginning. We're going to challenge the private sector to partner with community colleges, for example, to help train the workers of today for the jobs of tomorrow, even as we make college more affordable, so that by 2010 America once again leads the world in producing college graduates. Now, I have to say to the young people who are here, we can't let students off the hook. In the end, the success of this campaign depends on them. But I believe strongly that America's young people will rise to the challenge if given the opportunity, and given a little bit of a push. We've got to work together to create these opportunities because our future depends on them. And I just want to mention the importance not only for students but also of parents. You know, I was in Asia, I think, many of you are aware, for a week. And I was having lunch with the president of South Korea, President Lee. And I was interested in the education policy - they've grown enormously over the last 40 years - and I asked them what are the biggest challenges in your education policy. He said, you know, "The biggest challenge that I have is that my parents are too demanding." He said, "Even if somebody is dirt poor, they are insisting that their kids are getting the best education." He said, "I've had to import thousands of foreign teachers because their all insisting that Korean children have to learn English in elementary school." That was the biggest education challenge that he had was an insistence, a demand from parents for excellence in the schools. And the same thing was true when I went to China. And I was talking to the mayor of Shanghai, and I asked him about - how he was doing recruiting teachers, given that they've got 25 million people in this one city. He said, "We don't have problems recruiting teachers because teaching is so revered and the pay scales for teachers are actually comparable to doctors and other professions." That gives you a sense of what is happening around the world. There is a hunger for knowledge, an insistence on excellence, a reverence for science and math and technology and learning. That used to be what we were about. That's what we're going to be about again. And I have to say that this doesn't get a lot of focus. Not once was I asked about education policy during my trip by the press, and oftentimes events like this get short shrift. They're not what's debated on cable. But this is probably going to make more of a difference in determining how well we do as a country than just about anything else that we do here. And everyone in this room understands how important science and math can be. It goes beyond the facts in a biology textbook or the questions on an algebra quiz. It's about the ability to understand our world, to harness and train that human capacity to solve problems and think critically: a set of skills that informs the decisions we make throughout our lives. So, yes, improving education in math and science is about producing engineers and researchers and scientists and innovators who are going to help transform our economy and our lives for the better. But it's also about something more. It's about expanding opportunity for all Americans in a world where an education is the key to success. It's about an informed citizenry in an era where many of the problems we face as a nation are at root scientific problems. And it's about the power of science to not only unlock new discoveries, but to unlock in the minds of our young people a sense of promise, a sense that, with some hard work, with effort, they have the potential to achieve extraordinary things. Now, this is a difficult time in our country and it would be easy to grow cynical and wonder if America's best days are behind us, especially at a time of economic uncertainty, especially when we've seen so many, from Wall Street to Washington, fail to take responsibility for so long. But I believe we have an opportunity now to move beyond the failures of the recent past and to recapture that spirit of American innovation and optimism. This nation wasn't built on greed. It wasn't built on reckless risk. It wasn't built on short-term gains and short-sighted policies. It was forged of stronger stuff by bold men and women who dared to invent something new or improve something old, who took big chances on big ideas, who believed that in America all things are possible. That's our history. And if we remain fixed on the work ahead, and if we build on the progress we've made to date, this is going to be our legacy as well.