How the heck does Wall Street react so fast to the Obama Stimulus Plan? Thumbs down was the ruling as stocks tumbled once again. The answer, the Internet. It has changed everything. When FDR passed his massive social programs in the 1930’s, radio, newsreels, and newspapers spent days, months and years getting the details of those plans to “the end of the row” to the average Joe.
Today, the average Joe is connected to the Internet and gets news almost instantaneously. The Wall Street experts and the media know more about the Stimulus Plan than the average congressional representative – scary. This morning while on the treadmill at Golds Gym, Fox News interviewed two congressmen who knew fewer details of the Plan than the reporter did. Wow!
Ramification for corporate public relations: Get fast or get dead!
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