Google is generally capable of thinking long term. The major broadband providers in America are incapable of thinking beyond the next few quarterly statements--otherwise they would not have gotten themselves into this mess.
It's very legitimate to ask whether Google would invest in fiber were it regulated under Title II, because to date they have expressed the distinct unwillingness to enter municipal markets with heavy telecom regulation. They won't even agree to build-out requirements, which are pretty much standard for cable franchises.
