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Strategist Mark Penn discusses how unprepared the US is for the newly unemployed masses

By MARK PENN with E. KINNEY ZALESNE
From The Wall Street Journal Microtrends Column
Published March 2, 2009

With all the concern about America’s manufacturing sector losing jobs, it is easy to miss that the newest phenomenon is the wholesale loss of professional jobs, the very jobs that fueled America’s economic resurgence and political realignment over the last decade.

America has been losing manufacturing jobs for decades. The rest of the world has, too, including China, mostly because automation has made manufacturing more efficient. In the meantime, we have had huge growth in America’s professional class: engineers, software writers, lawyers, doctors — even licensed massage therapists.

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The Firm Voice: Post-Inaugural PR: What to Expect in Politics and the PR Agency Business in 2009

Many assumed a “wait and see” stance these past few weeks as uncertainty continued to drive the markets and outlook for the PR firm business and beyond. Yet that holding pattern may shake out as businesses get a clearer bead on the future, precipitated in part by yesterday’s inauguration finally signaling a shift from promising to practicing change.

So what exactly does the future hold for the agency business under an Obama administration? What lessons can we—as a profession and as individual practitioners—learn from President Obama’s communications strategies, techniques and tactics? Where will policy and PR intersect in the year ahead—and what does it all mean to you and your day-to-day work?

For the answers, we checked with Mark Penn, whose domain is the nexus between PR and politics. Worldwide CEO of Burson-Marsteller and president of market research, polling and consulting firm Penn, Schoen and Berland, he has advised both Clintons, Tony Blair and Bill Gates. In 2007, he authored “Microtrends: The Small Forces behind Tomorrow’s Big Changes,” the paperback edition of which will be published in spring. Precipitating its release is Penn’s new “Microtrends” column, which runs regularly in the “Media and Marketing” section of WSJ.com and focuses on demographic trends in society, business and politics.

Here, Penn—who has been called the “Master of the Message” by Time magazine and the “Guru of Small Things” by The New York Times—gives us a sneak peak of his trend-spotting talents to help you navigate the months ahead, and shares his post-inaugural analysis of the new administration, its key communications challenges, and the year ahead for Corporate America and its agency partners.

By MARK PENN with E. KINNEY ZALESNE
From The Wall Street Journal Microtrends Column
Published December 10, 2008

As the financial crisis swept across the nation these past few months, one of the first microtrend groups to emerge is the New Mattress Stuffers — people who have lost their trust in the financial world, and are preparing for the next meltdown.

Just as 9/11 created a vast industry in building security, so the recession could create a big industry in personal financial security — a new kind of survival kit. New Mattress Stuffers don’t care about the 10% interest rate on GE preferred stock that Warren Buffett snapped up; they care about making it through if hard times get even worse. As a result, firms which can offer ironclad guarantees of safety will appeal to this new group. These are people who have lost their faith in the housing market, the stock market, their bank, their big corporate employer, their auto company, and their last president. What is left but themselves?

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By MARK PENN
Published October 14, 2008

As Monty Python used to say, “No one expects the Spanish Inquisition” — which is another way of saying that no one expects the unexpected. And recent unanticipated political and financial events are a good reminder that everything could change in one fell swoop.

In a sense, the worsening financial crisis should come as no surprise — hedge fund managers I’ve met with over the past year and a half predicted almost perfectly what would happen. And Hillary Rodham Clinton was the first presidential candidate to warn repeatedly of financial danger while the president, Treasury secretary and Federal Reserve chairman all downplayed it.

Now the voters have shifted in Barack Obama’s direction, largely because he seems better able than John McCain to tackle these types of complex problems but also because the last Democratic president, Bill Clinton, performed so well during times of economic concern. In such situations, voters now instinctively reach for a Democrat rather than a Republican. And it has shaken up the presidential race.

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