Eric Schmidt Talks Google, Apple, Energy, Obama With Jim Cramer

Google CEO Eric Schmidt was on Jim Cramer's Mad Money this evening to talk about a wide range of issues, from Obama to Steve Jobs. On Google killing its print ads business : "That particular product didn't work particularly well and we're trying other solutions. Print is a hard one because they have declining ad revenue and higher print costs. And so we're trying other solutions. Ultimately most people will get their information online." On Steve Jobs' health : "Speaking as a board member, we recognized that Steve needed a medical leave and we announced on that. And that's my only comment on that. Apple's doing very well, the product's doing very well." On energy: "The part of the stimulus package includes money to modernize the electric grid to make it look more like the Internet. A lot more flexible as it moves power around without this smart grid we won't make any of this happen." On Obama: "I have [spoken with Obama] just a little bit and they're really, really focused on moving very, very quickly. I think everybody understands that a new president has a honeymoom period in that honeymood period they can get thei rmost ambitious agendas. In his unauguration speech yesterday you could hear the same things themes in his campaign. The notion of dealing with the way that the country is perceived globally as well as economic stimulus there in a hurry and need to be." The full transcript is below (please forgive the all caps, it's what CNBC supplied):