Google Chairman Eric Schmidt addresses the Senate

Eric Schmidt calmly answers questions for the US Senate.

The US Senate seems upset that Google is so very successful on a world-wide basis - they are eager to pursecute the company. Eric Schmidt is unflappable. Yes, he assisted the young California entrepreneurs to create one of the world's most modern companies. Yes, the company is hugely successful. And the Senate instead of learning from him, to solve the many huge economic problems this country is facing, wants to merely pursecute the company. Why? Because it creates jobs and assist the world population with access to information? Because Google is key in removing the "Digital Divide"? Or, do they hope as Al Franken pointed out so "hilariously" that they want to hold up the company for free money .

Apple Inc. and Google Inc. are leading a coalition of multinationals lobbying for a repeat of the 2004 tax holiday that allowed companies to bring home offshore earnings at a tax rate of 5.25 percent, instead of the current 35 percent. More than 160 lobbyists, including 60 who once worked for Congress or the administration are pushing for the tax holiday on more than $1 trillion in offshore profits.

Bloomberg states that critics of this "tax-holiday" are worried that if they allowed this they would "loose" all the 29.75% of the money that is NOT COMING home to the US. It is really time for Americans to take some economy lessons. If the growth of the economy takes please overseas - due to the fact that ours is an aging and ailing population and overseas they have young people who are eager to establish their household. Why punish companies' that want to bring money that was earned through the work and labor of young people overseas? Why not make it easy for them to bring money into the US? Why practically force them to "leave" the money overseas?

The stated Mission of Google is this:

Google's mission is to organize the world's information and make it universally accessible and useful. Beginning in 1996, Stanford University graduate students Larry Page and Sergey Brin built a search engine called "BackRub" that used links to determine the importance of individual web pages. By 1998 they had formalized their work, creating the company you know today as Google.

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