While this report sounds like another industry lobbying group trying to scare Congress into giving their companies lots of money, they do make one good point. We don't do a good job of math and science instruction in this country. Part of the blame for that goes to society in general which gives lots of lip service to learning those subjects but then has an adult population which is largely (and often proudly) ignorant of even the most basic math and science concepts. How many people actually understand the odds behind the lottery or what the theory of evolution actually says?
Over at Assorted Stuff, Tim Stahmer is discussing the state of math and science education and how it is being linked to the exporting of jobs to other countries.