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Detailed text transcripts for TV channel - FOXNEWS - 20110907:16:50:00

this gibson firebird. the federal government says it is illegal to export a piece of wood from india. however if it were to be finished with these specialifications and inlays and frets on them it would be legal to export. here is what the fight is over. according to the bruce mitchell, the chief legal counsel for the gibson guitar corporation, if gibson goes from getting this piece of wood to india to this piece of wood from india it would cost american jobs. here is what he said. we have, probably 40 people in our factory here just in the usa, that are doing the inlays into the, into the finger board, that are putting the fret on. if we were to move, all that was to be done over in india, then, those jobs would be lost. reporter: so here is what the federal government did. on august the 24th it seized about a million dollars of this wood. gibson will very soon be unable to make its highest end guitars which will slow down production. it cost them they say more

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