PPI - Radically Pragmatic
  • Donate
Skip to content
  • Home
  • About
    • About Us
    • Locations
    • Careers
  • People
  • Projects
  • Our Work
  • Events
  • Donate

Our Work

Zuckmentum!: Why the Silicon Valley App Boom Could Sink Romney

  • May 8, 2012
  • Michael Mandel

The AtlanticPPI Chief Economic Strategist Michael Mandel, explains in The Atlantic the surprising link between the future GOP presidential nominee and the upcoming Facebook initial public offering.

“Mitt Romney and his fellow Republicans are gleefully pounding President Barack Obama for the weaker-than-expected employment report released on May 4. Growth seems to be weakening and Romney is positioning himself as the business-minded economy savior for the country.

“At the same time, the Facebook IPO, anticipated to value the company at more than $75 billion, is a tangible sign of the vast amounts of wealth and income being generated by the communications boom and the so-called App Economy. Smartphones, broadband wireless, social media, apps — all are combining to provide a potent force for economic growth.

“So the question is: Should Romney be worried about an “App Surprise” — a sudden acceleration of growth and job creation fueled by the smartphone/communications boom?

“That might seem unreasonable given the other drags on the economy. Yet Romney and his advisers would be wise to remember the events of the 1996 election campaign.”

Read the full article at The Atlantic

Related Work

In the News  |  June 12, 2025

Marshall in Politico: ‘It’s a winner for him’: Dems work to turn LA debate from immigration to Trump’s executive powers

  • Will Marshall
Press Release  |  June 10, 2025

New PPI Report Finds Tech and E-Commerce Sectors Are a Powerful Engine for Local Resilience

  • Michael Mandel
Publication  |  June 10, 2025

The 2025 PPI Tech/Info/Ecommerce Job Index: Fighting Recession on the Local Level

  • Michael Mandel
Op-Ed  |  June 6, 2025

Weinstein Jr. for Forbes: More Colleges Freeze Hiring And Suspend Salary Increases

  • Paul Weinstein Jr.
Budget Breakdown  |  May 29, 2025

House Republicans Rub SALT into Deficit Wounds

  • Alex Kilander
Blog  |  May 28, 2025

California Broadband Bill Misses Mark

  • Michael Mandel
  • Never miss an update:

  • Subscribe to our newsletter
PPI Logo
  • Twitter
  • LinkedIn
  • Facebook
  • Donate
  • Careers
  • © 2025 Progressive Policy Institute. All Rights Reserved.
  • |
  • Privacy Policy
  • |
  • Privacy Settings