Schmidt's support for Obama is vital to lock up the state of Northern California, which, in addition to not being a state, favors Obama by only 700 percentage points. And the appointment could help Google as well...
"Given Google's prominence as the preeminent all-around tech company that everyone is trying to beat (or join), it stands to reason that the company would favor a tech-savvy administration."
A Tech Czar would be a great step in addressing issues like bot nets, cyberterrorism and how I can get the scanner to work on my printer.