President Bush's American Competitiveness Initiative

After the Soviet Union fired the first satellite into orbit, a crash program led the US to revolutionize science and technology. Now, China, India--even South Korea and Singapore--are putting the US to shame when it comes to high skills and innovation. They're turning out PhD's in science and engineering, pushing unfettered inquiry where the US once was unrivaled. On this archived edition of To the Point, President Bush says his Competitiveness Initiative will restore American leadership, but will cuts in basic education still put the country in economic jeopardy?