Jim Cramer Interviews Google Chariman and CEO, Eric Schmidt

Overview of interview from Seeking Alpha:

Cramer spoke with Google chairman and CEO Eric Schmidt, an advisor on President-elect Barack Obama’s economic advisory board. He described the seriousness with which the President-elect and the board dealt with problems and his confidence in Obama’s ability to implement solutions quickly and effectively. Schmidt said wind, solar and geothermal energy were the best means to achieve independence from fossil fuels. A solution for both the employment problem and the energy crisis is to increase the production of hybrid plug-in cars and he suggested creating stimulus packages in future which are geared toward solving problems rather than writing checks without purpose.

Concerning the failed advertising deal between Google and Yahoo, Schmidt said the government was worried from an anti-trust angle, but he commented their objections “didn’t make any sense.” It is tough all over for advertising these days, and Schmidt says the mistake businesses make is to cut revenue-producing advertising budgets first. He is confident that advertising will increase once these companies realize these cut-backs don’t pay.