Pope Francis: an initial warm welcome. Social Media Content Analysis-MRI

The Argentinian Jorge Mario Bergoglio was elected Pope of the Catholic Church by 13 march 2013. He has chosen Francis as pontifical name.

We have conducted a content analysis of the initial reaction of people in the social media. We have chosen Twitter.

We have depelopped a new reputation metrics tool at Media, Reputation and Intangibles Center, Universidad de Navarra, that we call Social Media Content Analysis, SMCA-MRI.

Through the quantitative content analysis of a massive number of tweets, we identify the tone of the social conversation. Typically, apps and quantitative metrics tools provide as result a classification of positive-neutral-negative tweets.

Even if these results (positive Vs negative comments) are valuable and useful in many cases, in other cases they don’t provide enough information. In many cases, the relevant outcome is not linked to how much positive the social conversation is, but which kind of positive aspects are outlind in the social media conversation.

With SMCA-MRI, we identify the tone of the social media conversation in relation with the main brand values: emotional, rational and negative components.

Values range between -1 (minimum level of association with the brand value component) and +1 (maximum level of association).

We have analyzed 10,400 tweets talking in an explicit way about Pope Francis. We have chosen tweets written in Spanish (“Papa Francisco”).

First figure refers to emotional brand value components. We have selected the component ‘I love’ (‘Me encanta’) and ‘Thrilling’ (‘Apasionante’). according to SMCA-MRI analysis, we find very high levels of positive emotional tone in tweets about the new Pope Francis in the night of his election (values between +0.6 to +0.8). It mantains values around +0.6 the day after his election.

 

Pope Francis twitter sentiment analysis initial reaction emotional values i love

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Second figure shows results concerning brand values related with rational components.

We have chosen the brand value components ‘Sublime’ and ‘Admirable’.

We find again a conversation tone presenting high positive values. Initial reaction get values around +0.7 to +0.8. The day after it moves between +0.4 to +0.7.

Pope Francis twitter sentiment analysis initial reaction rational sublime admirable mri

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Finally, and consistently with previous results, we observe a low association with negative brand values. We have chosen ‘Lamentable’ and ‘Pitiful’ (‘Patético’) components.

Valuea are stable aroung the 0 to +0.2 points.

Pope Francis twitter sentiment analysis initial reaction negative values lamentable pitiful

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Our analysis shows that the global tone in Twitter in Spanish was extremely favourable and positive to the new Pope. This initial emotional reaction will of course diminish in the next days, as factual and non emotional content will emerge linked to the activity of the Pope. We will continue to monitor it.

The Images of 2012 Democratic Convention. News Content Analysis

We open a series of analysis about media metrics of US Presidential Elections 2012.

We run in the past several media coverage analysis concerning 2008 US Presidential Elections.

Republican party had its National convention one week ago. The Democratic Party is currently having its own convention. At this moment (September 6 2012), Democratic Convention is still open, and President Barack Obama is expected to deliver his speech this night, US time.

This post will we completed with additional data once the Convention is concluded. We show now analysis results concerning the first section of the Convention.

The period covered right now is pre-convention days, from September 1 to 3, and first two days of the Convention (September 4 and 5), with the main speeches delivered by Michelle Obama and former President Bill Clinton.

We have followed an image content analysis of news published concerning the coverage of the Democratic Convention, day by day. We have profusely used this metholodogy, and several of the previous posts rely on image content analysis. Please refer to previous posts in this blog for additional explanations about the procedure followed to obtain the empirical results.

We have followed several image content analysis drivers.

Time evolution of the media impact of the main political leaders.

The main purpose of the Convention is to create a strong positive momentum for the nominated candidate in the presidential race. Presenting the proposals and projects of the party is important, but much more important is to provide media visibility to the presidential candidate, Barack Obama. As said, Barack Obama has not yet delivered his speech. These two Convention day serve as preparation for his political message.

We show in the first figure the share of the media presence of Barack Obama compared to all main political leaders in the party.

His direct presence in the Convention is right now limited to greeting Bill Clinton when he took his speech.

According to our results, Barack Obama was practically the only media reference linked to the Democratic Convention before it started, getting  higher than 65% ratio between September 1 and 3. His presence dropped to just 10% in the first Convention day, and it increased slightly the second day, to 18%.

News images about Barack Obama in the days just before the Convention correspond both to pictures of him in campaign, or pictures concerning the 2008 Convention that propelled him as party candidate.

Vice President Joe Biden, who is running again in the Democratic Presidential ticket has not yet publicly spoken in the Convention. We show in the following figure his impact in the media.

According to our results, his presence in the media is marginal, moving between 0 and 5% of all images about leaders in the party.

The next case that we consider is First Lady Michelle Obama. She delivered the main speech in the first Convention day, September 4.

Her presence in the  media was negligible a couple of days before the Convention, but it already moved up to 17% just before the opening. Michelle Obama took a very noticeable share of 48% of all images about political leaders the day she took the speech. Her share resisted to 27% the day after. Our results confirm that media consider that Michelle played a major political role during the initial stages of the Convention.

We show in the following figure the results concerning the role played by main political leaders till now. We compare their share of media presence before the Convention and during first two days.

The figure includes the media references made to political rival Mitt Romney in relation with the Democratic Convention. He tends to disappear when the Convention starts. We count also with the measurement of the impact of the speech given by Bill Clinton. It provides him a visibility of some 16%, which is relevant, but quite lower than media impact collected by Michelle Obama.

Up to this moment, there is no image media reference at all to Hillary Clinton.

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We will provide additional media content analysis using information from the following days of the Convention.

Elections in Greece June 2012. International media perception and coverage of consequences for Europe, Euro, the markets

Greeks are called to vote again this 17 June 2012 in legislative elections, just two months after previous general elections.

The results of the voting are crucial for the political and economic future of Greece, and its position in Europe and about the future of euro currency in this country.

As some other countries in Europe struggle with severe economic and financial conditions linked basically to a level of public debt and deficits judged unsustainable, there are growing fears that institutional and economic problems faced by Greece are not just a local matter. Greek elections are viewed by many as a milestone of extraordinary importance for the future of the euro currency and the evolution of the European Union.

Even if Greece is a rather small country in Europe in terms of population and of size of the economy, the outcome of the elections will have probably systemic consequences in Europe. All eyes in Europe are turned now to Greece.

We want precisely in this post to show what media outside Greece is watching and showing to their readers about Greek elections and its implication for Europe.

We have used in many post of this blog, text content analysis of news as way to identify the storyline chosen by the media, or the existence of media bias.

Now we will choose an indirect content analysis strategy, that we are in fact applying to explain what is going on in a major football competition in Europe, the Euro 2012: image content analysis.

So, we will apply the same technique here, consisting in monitoring all news about elections in Greece. Then, instead of proceeding to a text content analysis, we capture the photo chosen by the journalist to provide an image intended to capture the essence of the story told in the news. Then we proceed to an image content analysis to produce quantitative results, that allow us for an analysis and interpretation of the results.

We start the presentation of the results by showing media coverage of the elections in newspapers in Germany.

First figure refers to media coverage during the last four days before the election day. We have separated news from the last day, Saturday 16 June, and the three previous days (13 to 15 June).

We have selected three big issues: the connections of the elections in Greece with the future of Europe, the euro and the effects on financial markets.

We observe a lot of volatility concerning the structure of the news published in Germany these four days.

News related with the financial problems completely dominated the news in terms of photos used during the first three days. They represented 24% of all images in news about Greek elections. This kind of news practically disappears in news in the eve of the elections.

As for the presence of images about the euro and Greece, they keep stable above 11% of all images.

We also find a sudden increase of images referring to Europe in the last day before the elections, moving from 3% to 6.7%. There are growing concerns about the impact of the elections on the future of Greece in Europe and its impact on the future of the European Union.

You can find below examples of the photos used by newspapers in Germany in news about the elections in Greece concerning these first three categories:

1. Europe.

Source: Handelsblatt 15, June 2012. See the article: Weidmann und Brüderle warnen Griechenland

2. Euro

Source: Hannover Zeitung, See the article: Wahlen in Griechenland: Deutsche befürchten Verschlimmerung der Euro-Krise.

3. Financial Markets

Source: Focus

(additional new content coming)

Twitter Elections Barometer: Spanish Socialist Party Primary Elections: Carme Chacon Vs Alfredo Rubalcaba

Twitter as tool for political analysis

Twitter analysis is becoming a source of knowledge in many areas. Right now many scientists and professionals are using it for better understanding and measuring corporate and institutional reputation. There are also attempts to monitor election processes through Twitter analysis.

This kind of studies are perfectly in line with all our empirical studies based in news measurement and content analysis, applied to the field of sport brands (Economics, Sport and Intangibles research group, ESI), and more widely, to companies and politics (Media, Reputation and Intangibles center, MRI).

A tweet, and tweet content analysis has its own rules and social community rules, but it share some points in common with news and news content analysis. Both news and tweets are a defined and closed unit of information. Both come from free and open sources and (normally) can be reached by all (specially if we refer to the online version of newspapers news).  A tweet has its own specificities, mainly derived from the restriction to a message of 140 characters max.

We like Twitter as source of reputation analysis. We like it a lot. We consider it a relevant tool.

As for political analysis, the utility of Twitter has to be demonstrated. In previous analysis run by our MRI center, we find that news were a good predictor of elections outcome in Spanish General Elections, 2008. It was also a correct tool to predict voting preferences in United States 2008 Presidential Elections.

As mentioned, Twitter is being used by scientists and practitioners in political analysis. For instance, Spanish newspaper Publico showed the live evolution of presence in Twitter of all candidates.

Twitter and PSOE Primary Elections

We present in this post our results concerning Twitter analysis of an ongoing electoral process. It refers to the election in Spain of the new leader of the main party in the opposition, the Spanish Socialist Party (PSOE). There are right now two official pre-candidates counting with a sufficient number of party elector endorsement. This is Alfredo P. Rubalcaba (61 years old) and Ms Carme Chacón (41 years old).

We feel that Twitter is well adapted to provide relevant information in a primary election context, as the problem of ideological bias inside the Twitter community tend to vanish, as both candidates come from the same party and share basically similar political principles. People in Twitter interested in PSOE electoral process (PSOE voters or supporters as well as people disliking PSOE) show their preferences by referring to the candidates. The same can be said about the current US republican primary elections.

Of course, number of tweets where a politician is mentioned is not a direct measure of political power and voting intention. Many people, specially inside the Twitter community, post messages for attacking or mocking a political rival rather than for supporting it. But, whatever the content of a tweet is positive or negative, a tweet becomes a measure of political influence. If you are not politically relevant, you will no receive attention from Twitter users, outside the set of your direct followers. Quantity of tweets shows influence, quality of tweets shows reputation. This is why number of tweets can provide information about political power and eventually about voting expectations.

It is true that Twitter political barometer cannot be translated into election winning odds, at least in the PSOE primaries, as voting is not made available to all Socialist Party voters, but only to a small number of electors, who can choose the candidate freely and not based in public opinion preferences.

Twitter Political Barometer: Daily Political Trend

In any case, we show in this post the evolution of the presence of both Socialist candidates since the end of December 2011, when the electoral process started.

The figures that we provide contain a basic but crucial correction of data that it is not usually performed by other analysts (like the measure provided by newspaper Publico). We exclude from our analysis all tweets mentioning both candidates, and we retain only those talking exclusively about Rubalcaba or Chacón alone.

We provided a first measurement two weeks ago, published in MRI Universidad de Navarra site. There we commented the results for a Spanish audience. As we present here the results to international readers (only 5% of this blog readers come from Spain), we do not comment the political reasons of the ups and downs of each candidates. We simply point out here that the Twitter momentum of each candidate can be explained by specific events.

The way we present the results are as follow: a value 50 means that each candidate is receiving during the last 24 hours the same amount of tweets. Values above 50 means that Rubalcaba is more present than Chacón in Twitter. Reaching a value of 100 means that all tweets referred to Rubalcaba in the previous 24 hours, while a value 0 means that all messages went to Chacón.

Our analysis shows that Carme Chacon is leading the race since mid January. The only exception is last week-end tweeting coverage to the formal support given by former Prime Minister Felipe Gonzalez to Alfredo Rubalcaba. This prevalence faded away quickly, and right now Chacon is again the main reference in Twitter.

As many Twitter analysis say, tweets are nourished mainly by information created by traditional news provider, and not by content genuinely emerging from Twitter community. One singular exception are trending topics (TT) not related with news. In this sense, even the Twitter CEO, Dick Costolo, stated recently that Twitter is not a media company:

‘We don’t create our own content; we’re a distributor of content and traffic. We’re one of the largest drivers of traffic to other media properties, [namely] to other online web properties, even to films’

Mashable Social Media, 31 January 2012

But the evolution of this time series provides also information produced by Twitter. It shows how Twitter community reacts to different news and events related with the candidates and the primary campaign. Peaks, their value and comparison with other peaks is telling us how relevant the Twitter community considers that any single event is, and how it influences the election race.

As the present case refers to a local political event we do not explain each single event behind the news and thereafter its impact on tweets for each candidate. But readers familiar with the PSOE electoral campaign can appreciate and evaluate the impact of the different political movements made by each camp, Rubalcaba and Chacón.

Twitter Political Barometer: Political Intensity Index

We provide a second measure. This new one refers to the degree of interest that Twitter community shows concerning the PSOE electoral process.

The second figure shows a composite measure of the number of tweets about Alfredo Rubalcaba or Carme Chacón, in a 24h basis.

This is of course a relevant complementary measure to the first one that presented the political candidate leading the race in terms of share of news by day. It is important to know the intensity of the debate and its evolution in time for assessing the impact of the campaign for the political interests of each candidate.

A value 1.0 corresponds to the average degree of tweets per day published during the time period. values bigger than 1 mean that in that moment Twitter users are talking more about one or both candidates than in the average trend during the campaign.

According to our results, top Twitter momentum of the political campaign up to now was reached by 8 January 2012, when one of the contenders, Carme Chacón, officially launched her bid as candidate for leading the Spanish Socialist party. Twitter messaging was at that moment four times higher than average. When Alfredo P. Rubalcaba presented his candidacy, Twitter Political Intensity Index reached a value of 1.2, ten days before his rival.

We are observing an increase of interest during this last week. By the end of January the Index took value 1.7. Nevertheless, we are not observing yet an explosion of interest inside Twitter community, not that the campaign is reaching its final stages before voting takes place.

Twitter Political Barometer: Overall Impact Index

The last measure we want to present in this post is somehow a combination of two previous measures.

We present an Overall Impact Index of each candidate in Twitter. The basis of this measure is the sum of all tweets received by each candidate since the start of the political fight, day by day. This time, we exclude again the tweets where both candidates were mentioned. We calculate the percentage of all tweets going to Rubalcaba and Chacon. Of course, sum of both gives value 1. Also, as we follow just two candidates, we have a symmetric evolution.

We have introduced a correction in the data, giving a smaller weight to older tweets. Our aim is to show the present perception of who is commanding now the race inside the Twitter community. Recent tweets have now a bigger impact that tweets published one week or one month ago.

We find that right now Chacon is leading the race, with 55% of all tweets since the start of the campaign. She became the main reference in Twitter since she announced officially her program to become the new leader of the Socialist Party, by 8 January 2012.

Alfredo P. Rubalcaba was the leading reference in Twitter between December 29 2011 and January 7 2012. This corresponds to the interval where he announced officially his candidacy, and when he questioned the adjustment program proposed by Mariano Rajoy’s conservative government.

During the last week covered in this graph, Carme Chacón maintains her advance in a rather steady path. There was an upward trend favorable to Alfredo Rubalcaba around January 25, but this trend has reversed again in favor of Chacón.

Twitter Political Barometer: How Powerful Is PSOE Third Way?

Like in other primary voting process, there are at this PSOE primaries some party members who present their candidacy to become the party leader, ahead from mainstream candidates.

Mainstream candidates are Alfredo P. Rubalcaba and Carme Chacón. Alfredo P. Rubalcaba was Vice-president in the previous socialist government with José Luis Rodríguez Zapatero. He fighted against Mariano Rajoy as Prime Minister candidates in the 20 November 2011 elections that his party finally lost. Carme Chacón was Defense Minister in Zapatero’s government. She renounced to assume the leadership in past elections. Both are the current reference in the Socialist party.

Besides these two natural leaders, the outliers that emerged and announced their intention to become a candidate were, among others, Emiliano García-Page and Antonio Quero.

Emiliano García-Page is the major of Toledo, young and promising politician. After launching several proposals and contacts, he recently renounce to present as candidate and endorsed Afredo P. Rubalcaba project a couple of days ago.

Antonio Quero is a civil servant in Brussels European institutions. He presents himself as a third way, rooted in a more participative basis. He has received support from movement ‘Bases en Red’. He affirms that he counts with some 10% of electors endorsements. The minimum required to formally become a candidate is 20%.

As we argued above that presence in Twitter can be seen as a measure of political influence, we propose to use this tool in order to show how relevant are García-Page and Antonio Quero among Twitter users.

We have been monitoring their presence in Twitter altogether with main candidates Rubalcaba and Chacón.

We present below our results.

We compare the presence of ‘third way’ candidates to the sum of tweet for mainstream Rubalcaba and Chacón. Our results are undisputable: both Quero and García-Page have played a marginal role in the primaries process inside Twitter community. Antonio Quero captured 1.4% tweets about the primaries, Emiliano García-Page another 1.0%. The overwhelming remaining 97.6% went to both Rubalcaba and Chacón.

If these results mean something, we expect that Quero will obtain far less than the 10% of total endorsements that he is claiming to have.

We close the analysis of this issue by focusing the results in the last and decisive week. Social media impact and visibility during the week preceding the nomination congress provides information about the trend and political chances of an emerging unexpected surprise.

Again our data shows that Antonio Quero is not perceived inside Twitter community as a relevant alternative, as his weights decreases to a mere 1.0% of total weekly tweets, even lower than the attention gathered during the whole electoral period.

It is true that, as political precedent, José Luis Rodríguez Zapatero became the PSOE leader as a surprise, as he was not mainstream and popular candidate before the congress. But we feel that this time Twitter says us that such an unexpected last minute reversion of favoritism is not plausible.

PS: Antonio Quero announced in the first day of nomination Congress, by Friday night, his decision to abandon the race as candidate, before the deadline for presenting the required endorsements was closed.

Addendum 1: The impact of ‘Chacón es Zapatero con faldas’

Today, Friday 3 February the PSOE Congress opens. During this week-end the electors will choose their new leader.

Yesterday, one of the Socialist Party barons, Juan Carlos Rodríguez Ibarra, former President of the Extremadura region pointed out in an radio interview at RNE that contender Carme Chacón was someone like Zapatero, but with a skirt. (‘Carme Chacón es como Zapatero pero con faldas’). This was probably meant to show that Chacón will follow the same social and economic model that the one proposed by former Spanish Prime Minister José Luis Rodríguez Zapatero. Elements of this model is currently highly criticised by many, even inside the Socialist Party, and is considered the source of the unprecedented electoral failure suffered by PSOE in 20 November 2011 general elections.

Whatever the intentions pursued by R. Ibarra, many people have considered this statement as unlucky, deplorable (Marcelino Iglesias) or even outrageous because its sexist profile. General perception by Twitter is also negative.

We propose a measurement of the impact of this statement in Twitter. This event can be considered as a political communication mistake, as the ‘attack’ to Chacón was launched by a supporter of Alfredo P. Rubalcaba (male), but its general negative reaction provides new support to Carme Chacón as women leader.

We want to assess the impact of Ibarra remarks in Carme Chacón visibility in Twitter in these crucial hours just before the final voting, which is announced to be very tight.

The figure shows the share of all tweets about Rubalcaba or Chacón going to Carme Chacón. This is an 8 hours average value. A value above 50% shows that Chacón is winning in number of tweets.

Ibarra remark came by 2 February in the afternoon.

Our results show that just before that moment, Rubalcaba was gaining momentum, and Chacón counted with 60% of all tweets. Since the remarks spread in Twitter, Chacón increased her presence up to almost 80-20 share. This morning, its presence moves between 60 and 75% of tweets.

If we exclude references to Ibarra and the skirts, Rubalcaba was managing to become the reference  as Chacón values decreased even to 45%.

Addendum 2: Rubalcaba and Chacón in the Twitter just before nomination

I am publishing this new section by Saturday 4 February 2012, 11h30 am (CET), just a couple of hours before voting and the nomination of the new leader (Secretario General) of PSOE takes place. Apparently, nobody can right now predict who will win, as number of endorsements are similar. Both camps claim right now that they count with the majority of votes.

We present here the track of the presence of both candidates in Twitter in the crucial stage of the nomination process. The PSOE Congress started yesterday, Friday 3 February. In the following figure we present the share of tweets reached by each candidate, day by day since 1 February, up to today 4 February, at 10 am.

Our results show that Carme Chacón has increased substantially her advance in the crucial last days of the electoral process. Remember that the distribution during the whole electoral process was Chacón 55% and Rubalcaba 45%. In the final four days the ratio in Twitter turns practically to a 4:1 for Chacón against Rubalcaba. 75.1% of all tweets refer to Carme Chacón, while 24.9% talk about Alfredo P. Rubalcaba.

In next figure we present the share of tweets for each candidate, day by day since February 1st. We show also the evolution of the intensity of the debate (by the size of the bars, as value 100 means the average number of daily Tweets during these last four days). In all cases, Carme Chacón completely dominates the Twitter debate, as she moves between 73% and 79% of all daily tweets.

Addedum 3: Epilogue (up to now)

PSOE delegates elected new party leader (Secretario General) last Saturday February 4. Voting took place by 2pm, after both Carme Chacón and Alfredo P. Rubalcaba delivered their programmatic speeches. Result was expected to be announced by 4ph, but it was delayed for 90 minutes. Apparently, the result was so tight, that al least one recount of votes was needed.

Alfredo P. Rubalcaba was elected with 487 votes. His rival, Carme Chacón, received 465 votes. There were other 3 votes. This means that Rubalcaba got 51% of support. Even if this is a joke (but a true no fake photo), the following photo is an explanation by Rubalcaba to parliamentary Rosa Díez (Feb 6) about how he did to win the elections. It reflects how dramatic was the election process and the importance of last minute negotiations to capture those decisive 11 votes.

We close our analysis of this post by presenting the evolution of Twitter presence of both candidates during the 38 PSOE Congress.

First figure refers to daily timeline during the week of the Congress. We take value 1 for the average daily presence of both candidates during the five days previous to the Congress. It started by Friday 3 February.

As already identified in previous figures in this post, Carme Chacón become the reference in Twitter and had a comfortable advance as the Congress commenced. As expected, social media attention exploded in the elction day (Saturday 4 February), as the index took value 11. Both candidates are followed with the same intensity.

Once Rubalcaba becomes the new leader, Twitter attention turns as expected to Rubalcaba. Sunday 5 February was the Twitter aftermath of the election, and was also the day that the Congress devoted to define the new political guidelines. Twitter media attention decreased to 3.4 points for Rubacaba and 1.5 points for Chacón.

We observe that Twitter relevance of Carme Chacón is vanishing rapidly since her defeat.

Election day was the crucial day and the one that captured by far the most social media attention. We present in the following figure a focus of Twitter activity during Saturday 4 February 2012.

We present hourly based measures. Now, value 1 is the average number of news received by both candidates in average during the five days before the elective Congress. They refer to tweets about one of the candidates not mentioning the other one.

Rubalcaba delivered first his programmatic speech. Of course, during his speech (by 12h) he became the reference in Twitter above Chacón. Then came Carme Chacón speech. It created almost three times more tweets than during his rival speech, reaching an index value of 1200 points. In terms of social media impact, Carme Chacón benefited from presenting in second place. Our results show that the presenting order is a very relevant issue for social media impact. Nevertheless, in this case this impact was not determinant, was voting was closed to party electors.

Communication of the winner of the election came by 17h25. Of course, this was translated into an explosion of tweets, that propelled Rubalcaba presence in Twitter to a daily maximum of 1470 points. Beaten rival received 470 points of attention in Twitter. Twitter messaging dropped quickly, in a matter of less than 2 hours.

Debt and Deficits in US State of The Union Address. Measuring Presidential Position on Fiscal Discipline (1920-2008)

United States President Barack Obama is about to deliver his last State of The Union Address before elections. The message is crucial for his reelection aspirations, and will be scrutinized by all. Republican rivals will try to use Obama’s statements as political ammunition against him.

In the midst of a severe and unsolved economic crisis, Federal Budget is facing also an unprecedented fiscal deficit, which is not sustainable in the long term. Fiscal discipline is in this current political and economic situation a highly divisive issue. Dealing with deficits in the United States is a clear political dilemma, specially in an electoral year. For the first time in modern history, the United States lost the triple-A rating status from rating agency Standard & Poor’s. This decrease in US debt trust pushes for a decided deficit reduction plan. But cuting federal expenditures or increasing new taxes in present economic context will raise public opinion opposition.

Political position concerning fiscal discipline will become a key component of the speech, as in old days. Chosing the right wording and the persuasive arguments to protect the decision taken will be a matter of master political communication crisis.

So, as many non US citizens, we look forward the content and the discourse strategy chosen by President Barack Obama on debt, deficits and fiscal discipline.

In the meanwhile, we present in this post a research about the content analysis of the US Presidential speeches in the modern fiscal history, concerning US President degree of political commitment towards fiscal discipline.

This analysis corresponds to a research carried out in year 2009. The results of this project were published as a chapter of book in Imbeau, Louis (ed), Do They Walk Like They Talk? Speech and Action in Policy Processes, Studies in Public Choice, Springer. You can also check a preliminary version as working paper.

The time period covered in the figures presented in this post is from 1920 (Harding Presidency) to 2008, the last year of George W. Bush second term presidency.

The nature of the blog does not allow us to explain the methodology followed to gather our results. We can just mention that the main structure of the design is to proceed to a hand made lecture and analysis of all Presidential speeches (State of The Union Address, Presidential Inaugural Address, and the Budget Message of the President). When the President  mades a reference to debt, deficits or fiscal discipline, the statement is analyzed and classified as favorable or opposed to fiscal discipline principles. This classification is made by confronting the argument presented by the President against the collection of arguments for and against fiscal discipline developped by economists and public choice scientist.

In the following figures we present the core results of the content analysis concerning US Presidents political position towards fiscal discipline.

We present in the linked paper all the theoretial arguments for and against fiscal discipline, and explain how we use them fro classifying each single presidential statement. Some authors may consider that we do not capture all the arguments or they identify other source of doubts and concerns about our approach chosen. Whatever the actual limitations and caveats of our methodology, we apply our criteria consistently througout all the time considered under analysis. This means that at least comaprative analysis concerning different US Presidents may still hold and provide useful information and knowledge for contemporary economic and political history.

First figure present the intensity of the use of statements about debt and deficits by terms. This first result refers to quantity, and not about the profile of the statements for or against fiscal discipline.

We count with pre Great Depression data. Number of statements on deficits increase with Hoover term, they surprisingly decrease during first term by F. D. Roosevelt. They increase substantially when he proposes the New Deal. Place given to debt and deficits decrease durng II World War, even if deficits explode (Roosevelt III and IV).

The role of fiscal discipline and deficits was moderate during the 50s, 60s and 70s. It was a relevant pilitical topic mainly during Eisenhower presidency. We observe a sharp increase of interest about the role of deficits and fiscal deficits with the arrival of Ronald Reagan, who broke records in terms of mentions to this issue in top presidential speeches. High relevance was given to fiscal discipline debate also during Bill Clinton’s presidency. This trend was abrupty reversed under George W. Bush presidency.

First analysis concerned the presence of the political debate about deficits and fiscal discipline in US Presidential top speeches. In the next figure we provide our results about the position taken by each President concerning fiscal discipline. A statement defending the virtues of fiscal discipline and deficit elimination gives a positive point. In the opposite case, when a President justifies or prone the acceptance of deficits, we give a negative point to this statement. total sum provide the commitment of each President towards fiscal discipline.

In the first figure we present total value of the Index of Fiscal Discipline by terms. It is the result of the difference between positive and negative points. In the last figure we show a bounded index, ranging from -10 (all Presidential statements advocate for accepting deficits) to +10 (all statements prone fiscal discipline measures). A value 0 means a 50/50 weight of statements for and against fiscal discipline.

We comment the results that we obtain referring to the last figure, with the bounded index, that presents more clearly the political will of each President concerning deficits.

In line with what we expected from economic theory history, we find a strong attachment to fiscal discipline principles in US Presidents before the Great Depression (Harding and Coolidge). We can also confirm that fiscal policy measures proposed by Hoover during the first stage of the Great Depression were still grounded on fiscal discipline principles. The approach changed dramatically under F. D. presidency, as it entered clearly in political views opposed to fiscal discipline, as means to fight against economic crisis.

Once the economy recovered, and within the framework of War effort, presidents came back to fiscal discipline proposals. Kennedy was the first president to adopt Keynesian principles as tool to boost the economy, as our negative value of the index shows. The 1973 oil crisis and its aftermath of stagflation during the 70s was a period fro a renewal of political positions opposed to fiscal discipline.

Ronald Reagan presidency turned back to pro fiscal discipline positions. The index did not take maximum levels, because ‘Reaganomics’ proposals where not always in line with a clear opposition to deficits.

Bill Clinton, even if from the Democrat party, presented a decided and sustained political policy attached to fiscal discipline principles in all major speeches during his two terms of presidency. His discourse was in line with the sustained reduction of federal deficits.

Finally, George W. Bush presidency has been charaterised by a nonchalance concerning deficits. He accepted deficits as a way to overcome the economic shock provoked by September 11 2001 attack, and by the burst of internet bubble.

Our aim is to present as soon as possible our analysis of the position taken by Barack Obama in his January 24 2012 State of The Union Address concerning deficits and fiscal discipline.

Rubalcaba, Rajoy. Spanish Elections in Youtube: users prefer parodies rather than political meetings

(Puede consultar el texto en español sobre este estudio en MRI Universidad de Navarra)

Spain is voting tomorrow 20 November to elect the new parliament and the new Spanish Prime Minister. With an unemployment rate above 20% and increasing risks of public debt insolvency, the crisis, its consequences and the measures to recover have become almost the only issue during this campaign.

We have designed at Media, Reputation and Intangibles an analysis to check how this campaign has been designed by the main political parties in Youtube, and how the users have actually behave.

We show now some results that are included in the report, what will be published in Spanish in MRI Universidad de Navarra site.

We have monitored all videos launched by two main parties, PSOE (socialist party) and PP (popular party, cernter-right). These two parties control almost 90% of all parliamentary seats. We have also followed all videos provided by any other source reaching at least 500 views.

We have identified some 330 different videos fulfilling our conditions, present in Youtube during the campaign (between 3 Nov and 19 Nov 2011).

Total amount of views is 1.6 millions.

Our analysis show that the main type of videos viewed during the campaign are political spoofs and parodies, as they represent some 42.5% of all views.

Surprisingly enough, videos about political meetings only represent 4.4% of all videos viewed. Content provided by the Youtube channels of official parties are basically about meetings. They have no attracted the interest of Youtube users. Our results clearly show that communication agencies in charge of the official Youtube channel of the political parties have not been able to adapt the communication strategy and content to social media rules.

Concerning the videos with political spoofs, many of them are manipulations intended to create amusing videos, but they do not send any specific political message.

There are nevertheless some of them that have a clear political content. We present the analysis of top 3 by influence in terms of viewers during the campaign.

Most viewed video is ‘Alfredo no te creo’ (Alfredo I do not trust you). It attacks the candidate from socialist party PSOE, Alfredo Pérez Rubalcaba. The musical video adapts a song and lyrics accusing Mr Rubalcaba for being responsible for the economic crisis and not respecting past commitments.

There are two videos attacking Partido Popular (PP), the conservative party that all polls announce as the winner, probably with an absolute majority of seats. ‘La niña de Rajoy’ is a parody of an image used years ago by PP candidate, Mariano Rajoy. A girl explains the secret plans of PP to cut expenses on social policies. Finally, ‘El hundimiento de Mariano Rajoy’ is a manipulation of the final scene of movie Der Untergang (Downfall). The parody shows Rajoy as personification of Hitler learning that his party has not reached the absolute majority thanks to the emergence of the third party, Izquierda Unida (former communist party). This last video is a call to end with bipartisanship in Spain.

We show their time evolution and the degree of acceptance by viewers.

You can check here the content of the three videos analyzed.

1. Alfredo no te creo (against PSOE)

2. La niña de Mariano Rajoy (against PP)

3. El hundimiento de Mariano Rajoy (against PP)