Tim Murphy actually said...
But the hard fact of the matter is, losing control of this technology is going to cost us a heck of a lot of more money and it's going to cost this industry and jobs, not just of the new technology, which is where our hope is as a manufacturing nation, but also unfortunately in preserving existing industry.
Context
Murphy emphasizes the economic risks of losing control over technology and its impact on jobs.
10/13/2011