The AP looked at the administration’s claim that $100 billion invested in innovative technologies under the economic stimulus law is “transforming the American economy” by putting the nation on track for technological breakthroughs in health care, energy, and transportation. The conclusion:

But an examination of details in the 50-page report unveiled Tuesday by Vice President Joe Biden reveals something a bit different: a collection of rosy projections that ignore many of the challenges, pitfalls and economic realities in all those areas.

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