Google Chairman Eric Schmidt gave a much-needed economics lesson to New York Times columnist and Nobel laureate Paul Krugman on ABC's This Week Sunday.

During a lengthy discussion about liberal and conservative views on how to stimulate the currently soft recovery, Schmidt - a known Barack Obama supporter - marvelously said to his left-leaning co-panelist, "Surely you're not arguing that the government should hire all the unemployed people" (video follows with transcript and commentary):

As it continues its exponential expansion to cellphones, mobile advertising, television sets and book publishing internet giant Google has been simultaneously expanding its presence in the U.S. political scene, adding lobbyists, DC-based employees, and ramping up its campaign donations.

Writing for Politico on Friday, Kim Hart provides some details on how the company is becoming much more politicized than ever before:

Google boss Eric Schmidt is one of the nation’s most politically active business leaders — a man who uses the cachet of the company he leads, as well as his own charisma, to build strategic alliances in the Obama administration and on Capitol Hill.

Schmidt, 55, grew up in Washington and returns frequently to visit his mother, who still lives in Northern Virginia. Those trips often double as chances to meet with President Barack Obama, chat with staffers at the Federal Communications Commission and meet with top lawmakers.

One of the hottest Internet videos during the mortgage and banking crisis has been a YouTube clip titled "Burning Down the House," which outlines the untold story of how liberal Democrats pressured banks and lenders to throw standards out the window and give money to people who couldn't pay it back.

Try watching it now, however, and you won't be able to, thanks to the growing problem of "flag spam," the practice of abusing online filter systems to squelch political speech with which one disagrees.

We've all seen spammers at work in our e-mail inboxes. Experts estimate that 90 percent of all e-mail messages nowadays are spam, or unsolicited commercial e-mail.

Luckily for most of us, the majority of it gets filtered out. That's caused the more sophisticated spammers to change course and target a more vulnerable part of the Internet - the hugely popular Web sites like YouTube, Digg and the blogosphere, where anyone can join the discussion by posting videos, essays, reviews and other content.