election

BREAKING: Gov’t Buyout, AIG, & Obama’s “Brand Black”

Wednesday, March 18th, 2009

Obama 2008

WOW.

Things are moving even faster than I thought in the re-ordering of the American economy. It’s four PM on Wednesday 3/18/09. Although many people don’t know or don’t yet understand, the link between government and finances has been totally changed.

Yes, we had AIG (see below), and the foreclosures.

But now… check this…. the U.S. government is buying a TRILLION DOLLARS in mortgaged backed securities in order to create instant liquidity in the markets (read: cash you can borrow to buy a home or a market.) I never thought the hip hop chant to “make money money, make money money mon-EEE” would become so literal.

Yes, I am a news geek; and a politics geek; and I am astounded. I linked from the NYT to this handy dandy URL you can share with your friends. tinyurl.com/USmakes-fakes-Money.

I wrote the article below earlier this morning. Already it seems dated. But bear with me as I breathe.

F

==========

I’ve been guesting on WNYC’s syndicated morning show The Takeaway with John Hockenberry. (Adaora Udoji is on maternity leave.) We’ve been talking a lot about branding. Some folks told us about the brands they missed (“Bit ‘o Honey” and the “Reggiebar” candy bars each got a vote).

Other folks talked about what they would rename/rebrand “too big to fail/too small-minded to give up the multimillion dollar bonuses” insurer AIG as…

Amigos in Gold

Amateurs Implementing Guile

Anti Inflammatory Geeks

A**holes Invoking God

As If God

Appalling In Greed

(And that’s just from the journalists!)

Listeners wrote, among others:

Absolutely Insufferable Greed

Angry Investor Gross

But let me take a turn here.

Yesterday, I was invited to address the US Mission to the United Nations, now led by Ambassador Susan Rice. I was part of a panel that examined how and why then-Senator Obama won the Presidency; and what lay ahead. I spoke about Brand Black, or blackness as a mature political brand, just as hip hop is now a mature media brand. Every product/entity/person who wants market share starts out in the experimental, spaghetti against the wall.

Of all the people who start blogs, relatively few keep it up and even fewer find a longterm audience. If they do find an audience—not just bloggers but political candidates, preachers, musicians, etc.—then they enter the brand-building phase. They try to bring on a core constituency first, then expand that constituency. For hip hop, the core constituency was urban blacks/Latinos, adding graf artists, b-boys and b-girls, streetcorner wisemen…. and then multicultural urban youth… and then multicultural global youth. As hip hop has become a mature brand, you see stars like Ice Cube and Queen Latifah moving into mainstream family-oriented film; P. Diddy and Russell Simmons crossing onto Broadway; Simmons into philanthropy and spirituality; and Jay Z into the economic CEO/Beyonceed celebrosphere. My argument in the speech, which I will elide, concerned the use of hip hop as a feedback loop that helped make blackness a culturally mature brand that had political capital.

Since this is a blog post and not a dissertation, peep this:

First, check out Jay Z solo.

Then, Obama on the stump.

Then the remix:

When Obama first made the gesture, it split the world into three camps: people who thought he actually had dirt on his shoulder (maybe three people or less worldwide); people who got the intent of the gesture (back up off this; you don’t matter); and people who got the specific reference to hip hop and the 2003 hit by Jay Z.

The use of hip hop signifiers and metaphors, as well as support from the hip hop community, really drove the Obama campaign at first. The hip hop generation (or at this point, really two generations) were the “early adopters” of Brand Obama. The Civil Rights generation were later adopters of Brand Obama. And Brand Obama stood on…. the shoulders of the Civil Rights generation, who took blackness from an exiled/discredited “brand” among anti-integrationist whites to a nearly-mature brand that lacked one thing… the sense that a black man could be president.

I didn’t know that Obama would win. No one did. But Obama used hip hop to leverage early youth support, which in turn built numbers for what political scientist William Jelani Cobb of Spelman calls “The Black History Month Massacre” (Obama winning 10 Dem primaries and caucuses in a row), which in turn helped justify Civil Rights generation political figures/superdelegates like John Lewis switching their allegiance from Sen. Clinton to Sen. Obama.

In the end, Brand Obama leveraged hip hop to take the White House… a final signal that “Brand Black” is mature and thriving. What happens next? I don’t know. But I’m eager to see, hear, and write more, especially now that politics has a soundtrack.

Daily News Round-Up: He’s Good Enough!

Friday, December 19th, 2008

The election’s not over! In Minnesota, Al Franken has eeked out 250 more votes than Rep. Norm Coleman. The vote-counting and challenging is going on now! You can watch every fascinating minute here.

Clinton the Former (that would be Bill) has released his foundation’s donation records. Unsurprisingly, lots and lots of money from Saudi Arabia, a fair amount from Dubai and other Emirate states, but also Barbra Streisand, Bill Gates, Rupert Murdoch, and Bloomberg LP made the list. The whole thing is available here, broken down not by country of origin, date of donation, or even exact amount given, but by donation range.

Some hilarious end-of-days news: the Italian government purchased 100 thousand wheels of authentic parmesan cheese, which will be donated for charity. Media outlets are calling it a cheese bailout, since parmesan producers have to adhere to strict guidelines which mean the cheese is more expensive to produce than it can command at the market. Sort of like American cars, I guess…

If this doesn’t make your uterus shrivel up in terror, I don’t know what will. Michelle Duggar of Arkansas gave birth to her 18th child on Thursday. Jordyn-Grace Makiya Duggar, delivered by Caesarian section, weighed 7 pounds, 3 ounces and was 20 inches long. The Duggars have 10 boys and, now, eight girls. Proud papa Jim Bob Duggar told reporters: “We both would love to have more.” Excuse me while I go hug my cat.

Warming the cockles of my Maine-grown heart, the Ford F-150 has emerged as the top selling vehicle of 2008, followed by the Chevy Silverado (sing it with me here: “Like a rock…”) Good Lord, I love me a pick-up truck. Apparently, millions of others do, too. The whole list of winners and losers, (mostly compacts and SUV-minivan bastards, respectively) is here.

And, finally, Blago speaks! The villified governor held a press conference this morning, making more outrageous statements along the lines of “I have done nothing wrong” and “I will be vindicated.” (Yes, in the court of DNR, Blago has already been tried and hung. We are nothing if not judgmental.)

Get going, kids! Only FIVE more shopping days!! Spend now or forever hold your peace! The economy is counting on you!

Or, here is a list of 50 homemade gift ideas in case you had all your money with a hedge fund in Palm Beach…

My First Presidential Election and a New Face for America

Friday, November 14th, 2008

I was pan-frying ground turkey when it happened. I added some basil and a pinch of pepper, and turned to glance at the TV. Plastered in red and blue lettering across the bottom half of the screen: “CNN Prediction: Obama Wins Presidential Election.” I turned the gas off—turkey be damned—and stood with my hand over my mouth and goosebumps creeping up my spine. Wow, I thought. So, this is democracy. I had only cast my ballot an hour before, but by 8:20 p.m. my ticket was cashed in.

I’ve never voted before. In fact, I’ve spent my life struggling with the dual identity of being a double major in British and American. I was born here, but grew up there, and returned to the U.S. just in time for my first presidential election. Because of my American identity, I was never allowed to vote in the U.K. and I was never old enough to send an absentee ballot across seas. But then suddenly, there I was—strolling into the polls after a hard day at work, and making my well-rehearsed decisions final. I wore my “I Voted” sticker with pride when I walked to the Starbucks around the corner and claimed my free coffee. I still carry the ballot stub in my wallet.

Back at home, I watched intently as John McCain took the stage. The crowd started to “boo” as he graciously offered congratulations to Barack Obama. McCain put up his hands in protest. “Please,” he ordered. He expressed his admiration for the inspiration Obama had become to millions of Americans. He recognized that both he and Obama loved their country. He emphasized the morals that the two candidates share, not those which separate them from one another. In a single speech, he humanized the campaign. “I offer my sincere sympathy that [Obama's] grandmother did not live to see this day,” said McCain. “Although our faith assures us that she is at rest in the presence of her creator and so very proud of the good man she helped raise.”

At this point, I admit—I was in tears. Not for this white-haired man who stood at the podium the image of dignity and patriotism, nor for the passionate young candidate he was ceding to, but for the country I had loved and missed for more than 20 years. This was the America I was raised to believe in: a land of unification, of determination to propel the wings of greater good, of people standing hand in hand—regardless of life experience, beliefs, age or color—under the flag of the country they all so believe in. America is the land where polar opposites meet: where one can stand in the boiling heat of the Mojave desert and stare up at snowy mountain tops, where homeless people sleep above the stars on Hollywood Boulevard, where peanut butter meets jelly and donuts are a breakfast item.

When Obama walked on stage with his wife and children, there was a strange feeling of nostalgia—as if the anticipation that this moment would be so historically significant had glossed it with an air of repetition. How many times will we see view this moment in the days, months and decades to come? How many times and ways will it be analyzed, criticized or praised? How many people will share this image and store it in their mind for the length of a lifetime? (Q: “Where were you when Obama was elected?” A: “Cooking Spaghetti”)

To me, a certified American just learning about Hamburger Helper, American Football, and SNL, Obama spoke a very specific message during his election night speech. This is a man who is very aware of how the world views America from the outside in, and his words were directed at the cynics across seas. To many, America has become the butt of a bad sitcom joke in the last eight years. I have witnessed the anti-American sentiment grow. European and worldwide perspectives changed and the U.S. became nothing more than a land of ignorance, bigotry and gluttony. What the world needed was a sign that America is on course to regain its dignity and rehabilitate the stereotypical behaviors that have turned so many heads in disgust.

“If there is anyone out there who still doubts that America is a place where all things are possible, who still wonders if the dream of our founders is alive in our time, who still questions the power of our democracy… tonight is your answer.”

The following day my sister told me that even in her corner of the quaint English countryside on the outskirts of London, the British were rejoicing. In their usual way, the British media was reacting with dramatic skepticism—broadcasting images of Obama hiding behind a bullet-proof screen while the results were announced, and speaking of the unspeakable fear that Obama will indeed be the next JFK. But excitement was still pulsating through the rainy isle. “It’s like America is entering a new time,” my sister commented. “And the whole world is happy about it.”

Media Watchdog: Newspapers Now Just a Keepsake

Friday, November 7th, 2008

It looks like my print subscriptions to the New York Times and the Los Angeles Times might have actually earned me some money. That’s because, in the wake of Barack Obama’s historic election, the Wednesday edition of major newspapers are selling on eBay and Craigslist for upwards of $200.

Newspapers are printing hundreds of thousands of extra copies and still selling out. USA Today increased its print run by 380,000 copies and sold them all. The Washington Post tripled its newsstand rate to $1.50 and still sold out. In fact, it sold so many copies the paper ran off another 250,000 copies of Wednesday’s paper on Thursday. People lined up in front of the Chicago Sun-Times’ printing plant to buy copies practically straight from the baler. The examples go on and on.

This seems to indicate a couple of things about the state of print journalism. First, it puts into stark relief just how many people have dropped their subscriptions over the years. Of course, not every person of the millions who bought extra copies used to be a newspaper subscriber. But some certainly were, and it took a presidential election to get them to go out and buy a copy of the magazine.

More important is the concept of commemoration. The Sun-Times is selling framed copies of its cover for $99. The Times will send you a copy of Wednesday’s paper for $14.95, which includes a protective plastic sleeve. Newspaper companies that put their emphasis on their print product used to say newspapers were still valuable journalism because they provided context and analysis, something that couldn’t be delivered immediately. The millions of people buying these extra copies aren’t buying them for the news analysis, they’re buying them because it’s tangible proof of what happened on Tuesday night.

In some ways it’s gratifying that people still turn to papers in momentous times like these. But the newspaper is acting as little more than a photo to frame.

This election was something more than the beginning of the end for print papers—that happened long ago. This election was a true changing of the guard. Political sites like the Huffington Post and Politico saw huge increases in page views—HuffPo was up 472 percent compared to a year ago, and Politico was up 344 percent. Even traditional newspapers’ Web sites saw large increases in traffic. Want to see more polling data? Go to Pollster, FiveThirtyEight or 270toWin, don’t wait for the newspapers to summarize their own polls for you later.

Granted, I said I subscribe to both the New York Times and the Los Angeles Times, which is unusual for someone my age. It’s mostly because I want something to read while eating breakfast, and the L.A. Times was practically giving the paper away. I certainly wasn’t waiting until Wednesday morning for my election analysis.

Newspapers love to write about themselves (see all that self-congratulatory Pulitzer coverage), so of course there were plenty of stories (previously linked to throughout this column) about the millions of extra newspapers printed to document Obama’s victory. And most of them had a slight air of gloating. “See, we aren’t dead yet!” the stories seemed to say.

Fair enough, but isn’t it a little sad for your goal to be stuffed in a protective sleeve, then stuffed in a closet and then likely never read again?

Related: Urb magazine founder Raymond Roker compiled a cool slideshow of covers celebrating Obama’s win. Here’s a taste.

Amuse Bouche: Sweet Election, Sour Republicans

Thursday, November 6th, 2008

Tuesday was no ordinary day. I think it’s safe to say that we’ll forever remember where we were and what we were doing when we heard that historic announcement.

While most of my peers were partying it up with the Dems at some local celebration-popping champagne, high-fiving and hugging, and chanting about change—I was (not by choice) at the GOP’s “Election 2008 Victory Party” in Orange County.

Woot! Woot! Some victory.

I surveyed the room early in the evening. Most folks still had hope that the American people would pull through for their candidate. Twenty minutes after McCain gave his concession speech, the same folks still had hope—for Proposition Bigot.

McCain hit the big screens, started talking, and you could hear a pin drop. The room was silent and attentive. I was hoping to snap a photo or two of Republicans shedding a few tears while falling to the ground, looking to the ceiling, and asking God why he had forsaken them—but that didn’t happen. When McCain mentioned Palin, however, the room erupted into applause. No joke.

And then, Barack Obama stepped into the limelight.

The bustle in the room stopped, the Republicans looked over at the big screens, my heart was about to burst—but wait. Two minutes into the speech, some punk Republican walked onto the stage, stepped up to the podium, and said, “I don’t know about you, but I’ve had enough of this.”

With that, the volume went out.

Obama was still on the TV, but his voice was gone. The next president of the United States had been silenced.

I mention this because I think it’s indicative of what lies ahead for President Obama. He has massive support from a good portion of the country—but the other portion is adamantly against him. And those voters may never budge, despite Obama’s achievements.

I have no doubt that the man will be a leader of a lifetime, but he has no control over his opponents and if these people stubbornly decide to undermine and disrespect him, then—divided, we will fall.

Call me naïve, but I was expecting more out of the Republicans. I was expecting grace and humility. I was expecting something a little more maverick-y and a little less South Park: