I am just saying the reality of the facts are that Bush isn't prohibiting private research--he's saying no to wholesale government funding the same.
I have no problem with that, given he has said "yes" to limited funding and the "stem cell" research on ASC is a viable alternative.
And limiting federal funding based on a moral argument is a good approach. Limiting it making a claim that adult stem cells have provided treatments while embryonic have not, and ignoring that ASC research had a 30 year head start on embryonic is not a good approach. Arguing that ASC research will provide all the same "benefits" of ESC research is not a good approach, as no one knows the possible results of ESC research at this early stage. Arguing that ESC research is futile and using lack of private funding I think is the worst argument, considering that private funding hardly will ever be provided for something without short-to-medium range return.
However, arguing this purely on moral grounds is the best argument.