Google Learns a Valuable Lesson

Big Government: Google Learns Government Is Not a Good Business Partner:

Recently, Eric Schmidt, executive chairman of Google, spoke with the Washington Post after his first appearance for congressional testimony, and the “take D.C. by storm” expectation certainly appeared to be catching up with Google as Schmidt vocalized his frustration.

“So we get hauled in front of the Congress for developing a product that’s free, that serves a billion people. OK? I mean, I don’t know how to say it any clearer,” Mr. Schmidt stated to the Post. “It’s not like we raised prices. We could lower prices from free to . . . lower than free? You see what I’m saying?”

But the real zinger that many conservatives and maybe even more liberals in the tech sector will be surprised to hear came when Schmidt noted, “Regulation prohibits real innovation, because the regulation essentially defines a path to follow,” he said. “[This] by definition has a bias to the current outcome, because it’s a path for the current outcome.”

Eric Schmidt: Coming soon to a Tea Party rally near you!