Report to the President: Transformation and Opportunity: The Future of the U.S. Research Enterprise [open pdf - 1MB]
"The United States is in the midst of a profound reorganization of how research is done, where it is done, who does it, and how its results find their way to the marketplace. This confluence of circumstances threatens the Nation's world-leading position in innovation and technology and the benefits it brings. […] This PCAST [President's Council of Advisors on Science and Technology] report describes the nature of the current situation, the importance of what is at stake, and what has been the response to date of the U.S. science and technology enterprise. More importantly, it also discusses the kinds of actions that could create positive opportunities for the United States in the face of these troubling trends."
The White House: http://www.whitehouse.gov/