I agree with @JTLonsdale on these suggestions.
I’ll add one more. aggressively expand the most successful public-private partnership in American history: the research university system.
We should 10x the budgets of the NIH and NSF and fund massive dataset buildouts through universities that can be used to power the next gen AI systems. Training on those datasets can be restricted to American entities for a number of years to bolster our industries.
and yes we can reform the parts of academia that need fixing in parallel. There is no world in which America wins in which the majority of new basic science is happening abroad.