Obama takes 'fiscal cliff' battle to Twitter

President Barack Obama opened a new front on Wednesday in the battle between Democrats and Republicans over the best way to avoid the year-end "fiscal cliff" - Twitter.

The web-savvy Obama administration launched a social media campaign that asks Twitter users to add the "#my2k" hashtag to messages with examples of what $2,000 means to them. The amount is roughly what a middle-class family of four would have to pay extra in taxes next year if Congress cannot strike a deal to remove the threat of roughly $600 billion in tax hikes and federal spending cuts.

The fast-paced social networking site known for its zippy 140-character comments is a tried-and-true method of reaching Americans. The latest call for such searchable references is an effort to pressure Congress into finding compromise on long-held partisan views.

Obama announced the new Twitter hashtag campaign at a news conference on Wednesday. He and fellow Democrats, who oppose significant cuts to U.S. "entitlement" programs such as Medicare as a way of balancing the budget, have been trying to break Republican opposition to hiking taxes on anyone, including the

wealthy.

Promotions of "#my2k" quickly went out to millions of followers of the White House Twitter account and scores of Democratic backers, including former House of Representatives Speaker Nancy Pelosi. Soon, "my2k" was a top-trending subject.

"#My2K means food for a year, the remainder of my student loan paid off or a full month of child care. $2200 can make or break a family," wrote Twitter user Katrina Burchett. In the anarchic spirit of social media, Republicans, who also polished their Twitter hashtag skills during the bitter 2012 presidential campaign, pounced quickly.

The conservative Heritage Foundation bought the promotional tweet that pops up at the top of the list if one searches for "#my2k" mentions, where the think tank offered its own take on solutions to the fiscal cliff.

... contd.

ALSO READ

SKS Microfinance posts profit of Rs 2.7 cr in fourth quarter, after mammoth loss

China incursion on Salman Khurshid agenda in Beijing, but trade on top

Cognizant Technology Solutions Q1 net profit rises 16.6%, maintains outlook

HDFC Q4 net profit rises over 17% to Rs 2,083 crore