Summary would seem to be: innovation is good and all, but the US' trade balance is really out of whack, and you can't make up for that by just innovating. Make

Summary would seem to be: innovation is good and all, but the US' trade balance is really out of whack, and you can't make up for that by just innovating. Makes some sense. Let's not take this as a discounting of innovation, however. It's necessary, just not sufficient.