This is bad because he claims that he doesn't want to destroy embryos, but the embryos used in stem cell research are the ones that get thrown away from fertility clinics. So, he'd rather they get thrown away than used to find a cure?

Additionally, if the Feds fund the research, they can provide oversight, which means that they can regulate how the research is performed and used. In other words, they can ensure that people aren't farming out embryos. Now they're opening themselves up to unregulated, even black market, research. Now you WILL see embryo farms. Good job, George.