Eric Schmidt, Chairman and CEO of Google and Chairman of the Board of the New America Foundation, spoke earlier today about technology, innovation, the economy, energy, and how they are all linked. Schmidt is on the short list for Obama's CTO, and he is a member of President-Elect Barack Obama's Transition Economic Advisory Board, so here's an opportunity to learn a little about how he thinks on these topics, through a transcript from his talk.

Looking back at the past 18 months, what’s remarkable about the 2008 campaign is how unremarkable it’s actually been when it comes to the use of the Internet. While Patrick Ruffini earlier argued that Barack Obama’s website is boring, it’s been stewing in my mind for months that the entire cycle has been rather ho-hum.

All campaigns, from the presidential level on down, have seemed to be unwilling, or unable, to rewrite the rules of the game when it comes to how technology is used in electoral politics. They have (pardon the word play) been shiftless in producing a paradigm shift. And maybe, after the upheavals of 2004 and 2006, that should be expected.

The common wisdom is that BarackObama.com is not only better at wrangling donations from the faithful, but is categorically better than JohnMcCain.com because it embraces an interactive as opposed to a broadcast model.

But let's not kid ourselves. At its core, BarackObama.com is not truly interactive. It is transactional.