Obama Nears Appointment of Eric Schmidt As Commerce Secretary

The word in Washington is that President Obama is close to naming departing CEO Eric Schmidt as the nation’s next Secretary of Commerce. Mr. Schmidt picked up an important vote of confidence earlier this week when former Reagan Administration Commerce Department counsel Clyde Prestowitz essentially endorsed Schmidt for the job. That didn’t happen by accident and it’s a strong signal that the GOP DC establishment will support a Schmidt appointment. Such support would almost certainly insure a smooth confirmation process.

Mr. Schmidt is available to take this assignment.  At the end of January, Google announced that he would shortly be leaving his CEO position. His last day is set for April 4, when cofounder Larry Page will take over.

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