If spinning is an intense political skill, former eBay CEO Meg Whitman is doing her very best at trying to create a silk purse out of a sow’s ear.

As Om Malik reports on GigaOm, Whitman–who is trying to nab the Republican gubernatorial nomination in California–told a radio interviewer recently that “actually I think Skype will prove to be a good acquisition for eBay.”

Well, good if you mean the $2.6 billion purchase of the Internet telephony company that never worked as Whitman had effusively promised in 2005.

She noted then: “By combining the two leading e-commerce franchises, eBay and PayPal, with the leader in Internet voice communications, we will create an extraordinarily powerful environment for business on the Net.”

That fabulous-sounding synergy did not happen, of course, eventually causing new eBay (EBAY) management to sell a huge chunk of Skype to an investor group.

Best of all, that sale included an ugly and expensive legal fight over software technology licensing issues with its co-founders, Niklas Zennström and Janus Friis, given that Whitman neglected in the competitive bidding to secure them properly.

That resulted in Zennström and Friis forcing eBay to include them just last week in the deal for a big chunk of Skype in exchange for those rights.

As the sick political joke goes: Other than that, Mrs. Lincoln, how was the play?

Nonetheless, Whitman has not let the facts get in the way of a good story!

She kind of had to, I guess, responding to an allegation by one of her rivals in the race, tech entrepreneur Steve Poizner, who has tried to chip away at her blue-chip business reputation by attacking the Skype deal.

Whitman was right to defend a lot of other great acquisitions she made as leader at eBay, such as PayPal; and she can be, as she said in the interview, “proud of my tenure at eBay.”

She should be, given that she was key to building a huge and profitable company that is a clear Silicon Valley Internet icon. While eBay did start to creak near the end of her decade-long stint there, many of Whitman’s accomplishments are nonetheless impressive.

But not all of them and definitely not the Skype buy, so she might want to stop making laughable declarations like this one in the interview:

“You probably read that the company just sold about two-thirds of the interest in Skype to an investor group, kept a portion, and got almost all the money back, and I think Skype will be very effective.”

Well, maybe so, but only because new management had to do clean-up and pay-up for her error, and new owners in charge of Skype could possibly better take advantage of what most consider a terrific property.

So, in the end, Whitman might be right.

And it might not even matter. In a recent poll, Whitman has pulled far ahead of ex-Congressman Tom Campbell, with 34 percent support from Republican primary voters compared to 13 percent for Campbell. Poizner clocks in third at six percent.

Ben Ling–the high-profile Facebook platform exec who came from Google less than a year ago and then up and left the social-networking site earlier this week–is about to head back to Google, this time taking a job leading monetization efforts at YouTube, according to several sources.

On Tuesday, BoomTown reported that Ling (pictured here) was leaving his job at Facebook, where he has been director of platform product marketing.

At the time, Ling would not be specific as to his reasons for leaving, saying in an interview: “Facebook is a tremendous organization, and I would not leave it if it were not for a great opportunity.”

And that opportunity apparently entails returning to his previous employer, where Ling once worked on Google’s Checkout product and other e-commerce platform efforts.

Ling’s is a move that will surely spur many to rev up the Facebook-versus-Google (GOOG) stories, given that several top Google execs–such as COO Sheryl Sandberg and PR and Platform head Elliot Schrage, as well many others–have been recruited by Facebook over the last year.

Apparently, the Empire does strike back.

Interestingly, Google CEO Eric Schmidt addressed the YouTube monetization issue in an appearance on CNBC’s “Mad Money with Jim Kramer” yesterday.

Here’s a transcript of the section where they discussed YouTube:

CRAMER: LET’S SPEAK ABOUT A QUESTION THAT, AGAIN, I’M TRYING ADDRESS THE QUESTIONS HOLDING THE STOCK DOWN. YOU HAVE TREMENDOUS DOWNLOADS IN YOUTUBE ARE EXTRAORDINARY.

SCHMIDT: BUT EVENTUALLY WE’D LIKE TO MAKE MONEY OUT OF IT, BUT IF WE DON’T, THE FACT THAT SO MANY PEOPLE COME TO YOUTUBE MEANS THEY ULTIMATELY GOOGLE AND DO GOOGLE SEARCHES AND CLICK ON ADS. SO DON’T BE TOO WORRIED ABOUT ALL THAT TRAFFIC GOING TO YOUTUBE. I’D BE WORRIED IF PEOPLE WEREN’T USING YOUTUBE. SINCE IT IS AN ENORMOUS SUCCESS GLOBALLY WE KNOW WE WILL BENEFIT.

Valleywag ran an item earlier today speculating that Ling might be on his way back to the mother ship, noting he was spotted having lunch there recently.

But–as many readers have requested–they will all be available in their entirety in this column.

Here’s Part 4 of 4 of an interview Walt Mossberg did with Amazon’s President, CEO, Chairman and, oh yes, Founder, Jeff Bezos. (I posted one video part of the discussion with Bezos every day this week, starting Monday and concluding today.)

The e-commerce giant seems to be firing on all cylinders of late, along with making some innovative moves, such as the recent introduction of its e-book reader, the Kindle.

In this video, Bezos takes questions from the audience about digital rights management and other issues about the Kindle, and about streaming videos.

But–as many readers have requested–they will all be available in their entirety in this column.

Here’s Part 3 of 4 of an interview Walt Mossberg did with Amazon’s President, CEO, Chairman and, oh yes, Founder, Jeff Bezos. (I’m posting one video part of the discussion with Bezos every day this week, starting Monday and concluding tomorrow.)

The e-commerce giant seems of be firing on all cylinders of late, along with making some innovative moves, such as the recent introduction of its e-book reader, the Kindle.

In this video, Bezos talks about the consumer digital download business, including competition with Apple’s iTunes, Amazon.com’s (AMZN) Web services business and the impact of the economic slowdown of the online retailer.

But–as many readers have requested–they will all be available in their entirety in this column.

Here’s Part 2 of 4 of an interview Walt Mossberg did with Amazon.com’s (AMZN) President, CEO, Chairman and, oh yes, Founder, Jeff Bezos. (I will post one video part of the discussion with Bezos every day this week, starting yesterday and concluding Thursday.)

The e-commerce giant seems of be firing on all cylinders of late, along with making some innovative moves, such as the recent introduction of its e-book reader, the Kindle.

In this video, Bezos talks more about the Kindle and its features, including what it takes to make a great digital book reading experience, as well the the future of the music and video download business.

But–as many readers have requested–they will all be available in their entirety in this column.

Here’s Part 1 of 4 of an interview Walt Mossberg did with Amazon.com’s President, CEO, Chairman and, oh yes, Founder, Jeff Bezos. (I will post one video part of the discussion with Bezos every day this week starting today and concluding Thursday.)

The e-commerce giant seems of be firing on all cylinders of late, along with making some innovative moves, such as the recent introduction of the e-book reader, the Kindle.

In this video, Bezos talks about why he has moved Amazon (AMZN) beyond the online retail business and the development of the Kindle and e-books.

Recently, Julie Wainwright came to visit AllThingsD HQ (also known as BoomTown’s abode) to talk about her newest venture.

Wainwright, as many recall, was the former CEO of Web 1.0’s most memorable flameout–Pets.com.

While a lot of the attention it garnered was probably undeserved–after all, Pets.com was no worse than a lot of goofy start-ups out there, except for its irksome sock puppet mascot–Wainwright will forever be linked with the failed e-commerce company.

Nonetheless, the longtime Web exec–before Pets.com, she was CEO of Berkeley Systems and also Reel.com–has just launched SmartNow.com.

The site is a far cry from shipping bags of kibble–aimed at women 35 to 55 and using Web 2.0 features and lots of video to deliver information on health issues, self-improvement, spirituality, nutrition, fitness and a range of other topics.

SmartNow uses experts–such as doctors, dieticians, diet coaches, inspirational writers, psychologists, fashion and beauty professionals, and even humorists–as well as letting users and women’s groups deliver personal stories.

That includes, for example, Melissa Bates, who tells of her bout with breast cancer in a gripping video.

The 51-year-old Wainwright got the inspiration for the site from her own personal efforts and challenges–including shutting down Pets.com and struggling through a divorce right after that.

While looking for helpful info, she noticed that there were few sites aimed at women like her, so she decided to start one. Self-funded, Wainwright says she is now talking to some angel investors.

Here’s Wainwright talking about her new start-up: