Here is a snippet of what they say:
Our teams have been working to develop tools to make it easier for people to track election-related information. A few months back, YouTube encouraged everyone to participate in the discussion process through the CNN/YouTube debates, Google Checkout offered an easy and fast way for individuals to make contributions to political candidates, and the Geo team created maps and layers to inform voters during elections.
Today, the Google speech team (part of Google Research) is launching the Google Elections Video Search gadget, our modest contribution to the electoral process. With the help of our speech recognition technologies, videos from YouTube's Politicians channels are automatically transcribed from speech to text and indexed. Using the gadget you can search not only the titles and descriptions of the videos, but also their spoken content. Additionally, since speech recognition tells us exactly when words are spoken in the video, you can jump right to the most relevant parts of the videos you find. Here's a look:
Kind of cool, eh? I mean, if you are really big political nerd, that is...