Is the content of an iFramed site read by Google?

I am guessing this doesn’t work, but I am trying to maintain a blog in Blogger, display it on my site through iFrame, and have Google read the iFrame so that I get the optimizing benefits of a constantly updating blog.

The problem with redesigning a Blogger blog the traditional way is that I don’t have full control over everything the site does. I can’t have slideshows or transitions. I would also like to keep everything at a Domain Blog | Domain, Website, and Ecommerce Tips for Small Businesses area that can be searched, RSS fed, and updated across Google.

Am I asking too much?

Any suggestions?

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