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That there is -- ever -- -- -- talked to on this program about manufacturing and the lack thereof the numbers as a percentage of our GDP going down in the country anybody there in the room talking about.
Increasing making something that's supposed to virtual things.
Yes and most of the companies in fact make a lot of things and -- make high tech and sophisticated products in the United States would create high wage jobs when the president was running for president.
He emphasized the importance of conversion converting the manufacturing base to the new economy.
So for example in his campaign talked about batteries.
In in Detroit in that sort of thing.
So that's all part of the initiative here we want we want to use that the stimulus package to to help create industries to help fund by loans and others.
Private industry which were spaced out anyway and those jobs and create that manufacturing goods.
To build or rebuild the manufacturing base and states are friendly -- United States needs -- and the United States needs a strong manufacturing base they need to be a sophisticated one.
If you get more into this cloud computing does that mean if there's less business for people who do make things in the tech sector like Hewlett-Packard and Dell and others that make.
Note to the contrary effect what happens is they need to build more servers and more -- -- that use that new technology so they benefit as well.
Our Erica wanna ask you about going part for Google in particular -- mean obviously you in your employees have -- a very close relationship.
But president Barack Obama LA times actually saying you almost become kind of the west -- on the West Coast and LA -- -- company goes so.
Where can Google and it shareholders benefit from your now very strong -- With our new president.
We'll Google benefits -- is investment in science technology in the in the Internet.
And this president in this administration has made at a high priority there is a significant increase in basic -- search -- science foundation that's in effect are.
An investment in renewable energy these are all things -- who cares a lot about.
To Google shareholders -- benefit directly by the kind of influence that we've been able to have and we think that influence will continue in the important things that we care about.
Are you confident Bennett network neutrality is gonna be -- the telecommunications companies cannot charge web sites.
Forgetting their web -- -- the public be confident administration's gonna -- that.
All the people we've talked to believe very strongly in network neutrality of course the final administration people are not in place in that everyone's been named.
But were reasonably certain that we've got a good shot at at.
We have the other reason that we think it's important is that most consumers feel very strongly about not having don't have arbitrary payments for web sites.
You do a business globally so as you look around that -- the US government they're just one of the government that you deal with yet to be based here but.
You do a lot of business in say China this is China investing.
In technology that you are going to work with them or -- they with you.
He would find -- interesting they've they've announced their own version of the stimulus package which is actually very very large has everything in China is.
And they're dealing with their own sort of questions of slowing growth and so forth from our perspective we have a very large development center in China but we mostly do softer there.
We -- -- American technology.
-- Eric I have to ask you about about your company again about Google you know your market value of course has decreased along with -- The rest of the technology sector -- your shareholders are watching this interview.
And they wanted to know how you you plan to push this company forward your stock at one point 740.
Seven dollars us now 347.
So what do you think your share.
-- -- Well we run duel for the long term we've said this ever since the republic.
We believe that the basic focus that we have around innovation and the basic.
Shift from offline to on line.
Benefits Google and obviously our shareholders over time -- -- -- long term play and we've said that over and over again and we would encourage people to take a long term view.
If people are moving to the Internet that the innovation Molly who has pioneered will benefit our shareholders for many many years to come.
All right so you told us that you're going to be hiring based on stimulus but what about your brother is the technology sector in the Internet space especially in California.
We're seeing a lot of job losses.
Are we gonna see hiring in other areas.
We think so again much many of the companies who -- -- copper led by my colleagues.
Build the infrastructure pieces that are necessary to implement what the stimulus calls for.
So if you're in a company that builds a technologically.
Interesting piece of of something.
You're likely to benefit and you're going to be hiring high paying jobs to provide that and we think that's great.
Eric -- the chairman and CEO of Google always great to speak with you sir -- love to see here on Fox Business thanks for being -- the Sarah see you again thanks.
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