While walking to work this morning I thought about news of the last day; that we’ve been in a Recession since December 2007 (one year!), that several of my friends have already lost their jobs, that rents and other fixed expenses continue to rise, but income is falling and the economy,as a whole, is moving toward Deflation.
My mind races to paint a picture of what we’re likely to see next year and what I came up with, is this.
Economy continues to go deeper into recession as Barack Obama takes office in January 2009; the first stimulus package is passed by early Feb and the first money for stimulus flows out of the Tresuary in late April 2009. Unfortunately, the stimulus is too late to help the unemployed and nothing much happens.
A second stimulus happens in late 2009, but 2009 is already a wash out, and it’s not till spring of 2010 that employment starts to grow again, and not till 2011, before it recovers to a pre recession level. I think a third stimulus will happen in early 2010, and that will seal the recovery.
In all, about 2 Trillion Dollars will be spent over the next two years, trying to revive the economy, and that had nothing to do with stimulus going on in other countries at the same time.
I expect the usual challenges that everyone is talking about, but the problem is going to be, how to survive through 2010.
And the problem is that there’s going to be a lot of difficulty around “uncertainity” in when the economy will recover.
Maybe, the best thing Obama can do, at this point, for the economy is bring a sense of certainity back to the markets and to provide as many alternative energy jobs as he can create.
Of course, this is all my own views (no one else’s) and I may be all wet.
Btw, this post was written on my iPhone, expect the usual spelling and grammar errors.
You know what, Jeremiah Owyang put together these stats on Social Media and the 2008 Presidential Election in Snapshot of Presidential Candidate Social Networking Stats: Nov 3, 2008
Internet Usage in United States
United States Population: 303,824,646
Internet Usage: 220,141,969
Penetration rate: 72.5%
Growth from 2000-2008: 130.9%
Stats from Internet WorldStats (Census, Nielson)
Obama: 2,379,102 supporters
McCain: 620,359 supporters
Obama has 380% more supporters than McCain
Obama: Friends: 833,161
McCain: Friends: 217,811
Obama has 380% more supporters than McCain
Obama: 1792 videos uploaded since Nov 2006, Subscribers: 114,559 (uploads about 4 a day), Channel Views: 18,413,110
McCain: 329 videos uploaded since Feb 2007 (uploads about 2 a day), Subscribers: 28,419, Channel Views: 2,032,993
Obama has 403% more subscribers than McCain
Obama has 905% more viewers than McCain
Obama: @barackobama has 112,474 followers
McCain: @JohnMcCain (is it real?) 4,603 followers
Obama has 240 times more followers in Twitter than McCain
Community Platforms/Branded Social Networks
MyBarackObama: I was unable to find total number of registered members (anyone have data?)
McCain Space: I was unable to find total number of registered members (anyone have data?)
I mean, overall, Obama had 4 times more presense in Social Media than John McCain.
And, with Search Engines (ie: Google Insights for Search) it’s about 3:1 in Obama’s favor.
But don’t forget to vote Tuesday; I am certainly looking forward to it.
By the way, there was an article in the New York Times today about Campaigns in a Web 2.0 World
It seems to me Social Media and Web 2.0 are becoming more vital, perhaps even the centerpiece of campaigns, going forward:
“…..drawing on Mr. Obama’s background as a community organizer, his campaign decided early on to build a social network that would flank, and in some cases outflank, traditional news media.“
“.. Many of the media outlets influencing the 2008 election simply were not around in 2004. YouTube did not exist, and Facebook barely reached beyond the Ivy League. There was no Huffington Post to encourage citizen reporters, so Mr. Obama’s comment about voters clinging to guns or religion may have passed unnoticed. These sites and countless others have redefined how many Americans get their political news.
When viewers settle in Tuesday night to watch the election returns, they will also check text messages for alerts, browse the Web for exit poll results and watch videos distributed by the campaigns. And many folks will let go of the mouse only to pick up the remote and sample an array of cable channels with election coverage — from Comedy Central to BBC America.”
Could it be, that besides having more to day than McCain, Obama had a lot more avenues to say it?
Search and the US President election – Wow! A lot of search and political campaign strategists are on the panel.
Motivations in getting involved in search and politics are varied but unlike other business it never shuts off and your in it to win.
There is no budget and there is a lag in knowledge in running campaigns for search and current spending is only 40-60 million in this election, and that is a drop in the bucket of all spend.
Also, the lady from Yahoo said there hasn’t been many or any studies on campaign effectiveness and paid search. But you need to communicate directly with the campaign manager and to a lesser effect, the canditates, need to understand the utility of paid search marketing and political campaigns.
Long Tail approach (misspell Sarah Palin‘s name in every way possible).
Duh! Candidates don’t seem to understand geo-targeting and micro-targeting! They understand TV and Radio and media markets, but seldom do they yet understand the precision avaiable.
McCain’s campaign is very active in gel-targeting and Eric Frenchman, who runs McCain’s online search advertising, said so.
What I don’t hear is micro targeting on the actual DISTRICT level, or anything with RSS feeds.
Interestingly, just as I wrote this, a question came up about bundling to the District level, did come up and Google and Yahoo, while they allow custom maps of Geo-Targeting, don’t actually facilitate that level of targeting.
And nothing about RSS feeds and Twitter integration on the local district level. It’s amazing to me how much of modern technology is not being utilized.
Amazing how campaigns use speeches of Biden (in the case of McCain) to a negative landing page on the candidate.
Also, Google and Yahoo haven’t yet offered geo-targeting on District Level but….. They are not, as yet willing to set up that specific a level if targeting yet, but are studying doing so in the future.
For some candidates, easing fund online is easier than others, and some times they can’t spend it all, so managing expectations is necessary.
Do you need to be a true believer in the candidate and party ideology to work for a campaign as a search strategist for them.
However, now, there are many online digital strategists are on both sides.
Social Media and Search with political campaigns. Blog or not? Tracy Russo says no, not enough worth while content. I disagree. And Obama had people who were hired to write to the blogs, etc.
However, the community forming around a blog often continues after a campaign is over, win or lose, and, honestly, not fostering and nuturing that is foolish, I believe.
The idea that there is not much worthwhile to say is lunacy.
Twitter? Again, not as used as much as you’d think, by candidates. Amazing how much is being left, on the table, so to speak.
But, then again, I’m more of a visionary than anyone on the panel, or, for that matter, in the room, judging from the questions from the audience.
Facebook, what works? Buying admin rights for a group, Dan Steele, from Comedy Central.
Interestingly, the question of what kind of participation exists on November 5th, after the election, came up. It seems to me a new “channel” is being created via online media, Paid Search, FaceBook, Twitter, and targeted Blogs, along.
Justine Lam, worked for Ron Paul, and talked about all if that, and how it took a life of it’s own.
What tools used for monitoring Online Buzz?
Google Trends, Google Alerts, but many of the online tools are not useful, yet, to campaign strategists, yet.
Yahoo, Diane Rinalado, says Yahoo Buzz was sited as being better than Google Trends, and HotTrends, but not as highly used.
I brought up a few observations that I voiced including:
1. Increase links shown for embedded videos in Yahoo to include the long tail.
2. Data collected for Buzz Tools need to be refreshed hourly, not days or months later, as Goigle Trends and Yahoo Buzz often are.
Media Buys, as Eric Frenchman said, need to be decided in a few hours. You can see the gap.
Which campaign is doing better online?
Don Steele, Comedy Central, says he’s surprised media companies aren’t better at this yet.