So Where Do We Go From Here?

Massive bailouts. Federal guarantees. Increased regulatory oversight of the financial industry. Global financial coordination between governments. Bans on short selling. All these are in play to restore confidence in the US economy and its financial institutions.

And they may work short term. But financial reform doesn't get at an even greater need facing the country: educational reform, in the face of our decreasing competitiveness in the global economy.

That's the message from Todd Pittinsky, who teaches public policy at Harvard's Kennedy School. Writing in the Christian Science Monitor, Pittinsky charges that many Americans and political leaders have not grasped the fact that the United States is losing its economic and technology leadership to a number of other countries, countries that have overhauled their educational systems. "Suddenly, the signs are all over," he writes. "From Indian tech support to Finnish cellphones to Japanese hybrid cars."

What's most distressing, he says, is the subject of American competitiveness is all but missing from the presidential campaign.

"Both candidates should be articulating a clear direction â€" excellence in math, science, and engineering education at all levels â€" and specifying the resources they will dedicate to that goal. They do not need to design specific programs; they do need to show strong support for others who come up with such programs. Unfortunately, with vast military spending, entitlements, infrastructure investments, and corporate bailouts looming, neither Senator Obama nor Senator McCain is sticking up for serious money to repair our intangible but critical infrastructure of math, science, and engineering education."