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California's Proposition 71 Failure
Investors.com ^ | January 12, 2010 | INVESTORS BUSINESS DAILY Staff

Posted on 01/12/2010 5:53:07 PM PST by Kaslin

Bioethics: Five years after a budget-busting $3 billion was allocated to embryonic stem cell research, there have been no cures, no therapies and little progress. So supporters are embracing research they once opposed.

California's Proposition 71 was intended to create a $3 billion West Coast counterpart to the National Institutes of Health, empowered to go where the NIH could not — either because of federal policy or funding restraints on biomedical research centered on human embryonic stem cells.

Supporters of the California Stem Cell Research and Cures Initiative, passed in 2004, held out hopes of imminent medical miracles that were being held up only by President Bush's policy of not allowing federal funding of embryonic stem cell research (ESCR) beyond existing stem cell lines and which involved the destruction of embryos created for that purpose.

Five years later, ESCR has failed to deliver and backers of Prop 71 are admitting failure. The California Institute for Regenerative Medicine, the state agency created to, as some have put it, restore science to its rightful place, is diverting funds from ESCR to research that has produced actual therapies and treatments: adult stem cell research. It not only has treated real people with real results; it also does not come with the moral baggage ESCR does.

To us, this is a classic bait-and-switch, an attempt to snatch success from the jaws of failure and take credit for discoveries and advances achieved by research Prop. 71 supporters once cavalierly dismissed. We have noted how over the years that when funding was needed, the phrase "embryonic stem cells" was used. When actual progress was discussed, the word "embryonic" was dropped because ESCR never got out of the lab.

(Excerpt) Read more at investors.com ...


TOPICS: Culture/Society; Editorial; Extended News; Front Page News; Government; News/Current Events; US: California
KEYWORDS: abortion; adultstemcells; arnold; bhoabortion; bhostemcells; bioethics; ca; california; californiastemcell; cultureofdeath; cultureoflife; embryo; embryos; emryonicstemcells; escr; fetus; goldenstate; ibd; ibdprolife; junkscience; moralabsolutes; nih; personhood; prolife; prop71; proposition71; pseudoscience; rightolife; righttolife; schwarzenegger; science; stemcells; unborn

1 posted on 01/12/2010 5:53:10 PM PST by Kaslin
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To: Kaslin

I voted against this. I KNEW it would be a boondoggle. 3 Billion more in taxes and where did it get Californians? Just more in debt. Granted it was supposed to be spread over 20 years. I hope they get rid of it altogether.


2 posted on 01/12/2010 5:56:40 PM PST by originalbuckeye
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To: originalbuckeye

Yep, John Edwards said that Christopher Reeve would get up out of his wheelchair and walk again, if only we could do embryonic research paid for with federal funds.


3 posted on 01/12/2010 6:00:09 PM PST by Dilbert San Diego
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To: Kaslin

Well, I wouldn’t call it a total failure.... I mean look at all the babies they got to kill. I’m sure “No child left alive” 0bama thinks it a success.


4 posted on 01/12/2010 6:01:15 PM PST by Repeat Offender (While the wicked stand confounded, call me with Thy Saints surrounded)
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To: Dilbert San Diego

too bad he died first or I am sure he would be jogging by now


5 posted on 01/12/2010 6:10:31 PM PST by fifthestate
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To: Kaslin

Gee, no accountability from ANY officials in Calif. just stick your hand out and let all the tax payers in America bail you out for your excess spending while all the while telling Joe six pack yo live within his means and don’t expect the government to bail you out of the problem you brought on yourself.

Great, just f-ing gtrat.


6 posted on 01/12/2010 6:11:26 PM PST by chiefqc
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To: wagglebee

MA Ping?


7 posted on 01/12/2010 6:14:54 PM PST by scripter ("You don't have a soul. You are a soul. You have a body." - C.S. Lewis)
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To: Kaslin

If they wanted stem cells, they should have asked me. They can have all they want from my chicken-drumstick arms and baby belly. All they want, and for free, too /sarc


8 posted on 01/12/2010 6:22:40 PM PST by pray4liberty (Luke 21:17 And ye shall be hated of all men for my name's sake.)
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To: Kaslin

9 posted on 01/12/2010 6:24:16 PM PST by 4Liberty ( we have a rat problem .)
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To: Kaslin

Just one of the many reasons I left.


10 posted on 01/12/2010 6:29:10 PM PST by mrreaganaut (Sticks and stones may break my bones, but lawyer jokes are actionable.)
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To: Dilbert San Diego

Reeve died before the election IIRC. I think that claim hurt Kerry/Edwards.


11 posted on 01/12/2010 6:44:51 PM PST by originalbuckeye
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To: originalbuckeye

It was a $3 billion thumb in the eye of social conservatives. I think that was the major motivation for the “yes” vote at the time.


12 posted on 01/12/2010 6:48:52 PM PST by rightwingcrazy
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To: Mrs. Don-o; AdmSmith; Berosus; bigheadfred; Convert from ECUSA; dervish; Ernest_at_the_Beach; ...
California's Proposition 71 was intended to create a $3 billion West Coast counterpart to the National Institutes of Health, empowered to go where the NIH could not -- either because of federal policy or funding restraints on biomedical research centered on human embryonic stem cells. Supporters of the California Stem Cell Research and Cures Initiative, passed in 2004, held out hopes of imminent medical miracles that were being held up only by President Bush's policy of not allowing federal funding of embryonic stem cell research (ESCR) beyond existing stem cell lines and which involved the destruction of embryos created for that purpose. Five years later, ESCR has failed to deliver and backers of Prop 71 are admitting failure. The California Institute for Regenerative Medicine... is diverting funds from ESCR to research that has produced actual therapies and treatments: adult stem cell research. It not only has treated real people with real results; it also does not come with the moral baggage ESCR does... We have noted how over the years that when funding was needed, the phrase "embryonic stem cells" was used. When actual progress was discussed, the word "embryonic" was dropped because ESCR never got out of the lab.
Thanks Kaslin.
13 posted on 01/12/2010 7:00:59 PM PST by SunkenCiv (Happy New Year! Freedom is Priceless.)
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To: originalbuckeye

Well, California is in such good shape, it ought to spend another $5B on stem cells, then another $15B on global warming, and another $5B on aid to Africa. While at it, why not spend another $25B on “education” and $25B on “health”. Just tax the evil “rich” more. Yeah, that’s the ticket.


14 posted on 01/12/2010 9:21:16 PM PST by Mad_Tom_Rackham (It is the duty of the patriot to protect his country from its government -- Thomas Payne)
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To: originalbuckeye; Kaslin; All
When special bonds are issued by the state / municipality, they are financed upfront by loans from the banks against credit worthiness of the issuer (expressed in rates according to current credit rating) so the actual cost of the bond issues over the years is much higher than nominal - the rule of thumb is to use total cost of bond at about double the value of original issue.
15 posted on 01/12/2010 9:42:03 PM PST by CutePuppy (If you don't ask the right questions you may not get the right answers)
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To: Kaslin

“To us, this is a classic bait-and-switch, an attempt to snatch success from the jaws of failure”
++++++++++++++++

Sounds a bit like Climate-gate...


16 posted on 01/12/2010 10:14:35 PM PST by SeattleBruce (God, Family, Church, Country - Keep on Tea Partiers - party like it's 1773 & pray 2 Chronicles 7:14!)
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To: Kaslin

Another fabulous bond backed by Arnold Kennedy


17 posted on 01/12/2010 10:28:27 PM PST by roylll
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To: Dilbert San Diego

“Yep, John Edwards said that Christopher Reeve would get up out of his wheelchair and walk again, if only we could do embryonic research paid for with federal funds.”

Instead, Elizabeth Edwards got up out of her wheelchair and wrapped another frying pan around John’s head.


18 posted on 01/13/2010 2:01:19 AM PST by chilltherats (First, kill all the lawyers (now that they ARE the tyrants).......)
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To: originalbuckeye

Yes Reeve died before the election. And it was a ridiculous comment for Edwards to make in the first place. The suggestion that this research would result in miracle cures was a liberal issue to use against Bush. It’s an old liberal trick — say that liberals are in favor of something, then by extension, imply that EVIL REPUBLICANS are against it, so by extension, Republicans are against science, or medical research in general.


19 posted on 01/13/2010 7:14:11 AM PST by Dilbert San Diego
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To: Dilbert San Diego

http://www.youtube.com/watch?v=oQNkVmdicvA

Democrats always claim they can work miracles. Sadly, the majority of voters is often stupid enough to believe them.


20 posted on 01/13/2010 7:27:52 AM PST by originalbuckeye
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To: Mad_Tom_Rackham
I'm waiting for the Obama sponsored “Lower the Sea Levels Bond Issue” to make the ballot.
21 posted on 01/13/2010 8:20:34 PM PST by Kickass Conservative (It wasn't the eight years of Bush - Cheney, It was the last two years of Pelosi - Reid.)
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