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Google’s Schmidt Urges Using ‘Big Levers’ to Stoke U.S. Growth

Google Inc. Chairman Eric Schmidt called on U.S. policy makers to use their “big levers” to foster growth through investment and aid to states forced into fiscal tightening by budget rules.

“Where is the demand going to come today if it’s not from some form of government action?” Schmidt, 56, said in an Oct. 1 interview with Bloomberg Television’s Erik Schatzker in Nantucket, Massachusetts, where he was attending a conference. “The government has big levers that it can apply but it needs to do it in the short term.”