5 Reasons Obama Is Good For The Tech Industry

Obama probably understands technology probably better than any of his predecessors at the White House and the fact that he appointed a Chief Technology Officer nearly one year ago showed that he meant business.

Although Kevin Malover subsequently left for richer pastures, he and others have made of Obama the first US President whose success can be directly attributed to the internet. We've gathered five reasons why Obama as President will be good, in the long run for the Tech Industry.

(1) He understands the Web 2.0

Obama and those working with him have a keen sense of what makes up the social fabric of Web 2.0. He brought onboard one of the co-founders of Facebook, Chris Hughes, who helped him master viral marketing and gain grass root support like no other president before.

One of the first things Hughes did was creating My.BarackObama.com, an online social networking site which attracted more than one million member and provided volunteers with the necessary tools to back their candidates. The number of friends he has on Facebook is even bigger, standing at nearly 2.477million.

(2) He understands the Web 2.0 (part 2)

In addition to the above, Obama has promised that he will be implementing so called plans for an "open government" which will give citizens a chance to participate even more in the daily affairs of their community and their country. Think of Wikipedia for politics. All the better for democracy and a fantastic way for the US to lead the world by making its decision making opened.