<<Google Inc. Chief Executive Eric Schmidt will hit the campaign trail this week on behalf of Democratic presidential candidate Barack Obama, signaling Mr. Schmidt's push for a greater voice in politics while giving the Obama campaign a boost from a highly desirable constituency.>>

online.wsj.com/article/SB12244 ...

Back in November last year, Obama also visited Google to talk with Eric Schmidt (as part of the Candidates at Google series):

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A mistake imho
The McCain campaign will shout to bias from Google (the Youtube ads, the Register to vote thing, Google News being impartial, boycott...)
I would have done it anyway, but it may harm Google and Obama (14 days left, that's long enough fro a controversy to be stirred)

Another place where Eric Schmidt endorses Obama:

ft.com/cms/s/0/8bd131d0-a8f5-1 ...

The last bit claims:

<<This article expresses the personal opinion of Eric Schmidt, the chief executive of Google. The company has remained strictly neutral in the presidential campaign>>

[Thanks Manoj!]

And here's an Obama ad... using a clip shot at the Google headquarters (you can see parts of the word "Google" in the background):

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