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Friday, September 19, 2008

The KingMakers and The Billion Dollar President

I came across this little tidbit and it got me thinking......which can at times be a dangerous this :).........
Biden's candidacy ended abruptly after the Iowa caucuses in early January. After he finished his bookkeeping for the failed campaign, his fundraising from donors totaled about $9.9 million. Obama, in his continuing quest for the White House, has raised 39 times that much.

So by my back of the napkin calculations Obama has raised about $400 million so far.......lets add another 75% for the general election, so that's $700 million........lets round up to $1Billion USD......I don't know, I just like that word "Billion"...........but even $700 million to become president must be some kind of record.

But here's the kicker, Obama has and will not take any Government matching funds, he's going to do this all without government money!!!!!

Anyway, it occurred to me that the Obama Campaign really is the first campaign to at least begin to leverage the power the the web and especially the whole Web 2.0 concept. Certainly, there are other more ideological reason for their prowess in fundraising, but his campaign used the web as the tool it is.

They media has always talked about the so called "political backroom king makers" but not so much this time around, why?

Ill tell you why, because the KingMakers are Bill Gates, Steve Jobs, Larry Elliston and the rest of those who have grown information technology exponentially over the last decade............they are "the KingMakers" and the mass media just still doesn't get it.

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