Sequestration, which cut research and development funding by $9.3 billion, is partly to blame. But according to the report, the United States’ investment in R&D isn’t keeping up with inflation:
Globally, the United States invests more real dollars in research and development than any other country. However, in terms of percentage of gross domestic product, the United States is reducing its investment in scientific research. In fact, of the 10 countries investing the most money in scientific research, the United States is the only country that has reduced its investment in scientific research as a percentage of GDP since 2011.
Not that anyone would still treat Obama electoral campaign promises seriously anyway.