We'll get to a round-up of "What-Does-It-All-Mean-For-Tech?!" coverage in a bit, but, first, our quick thoughts...
First and foremost, with the notable and troubling example of net neutrality, support for and opposition to tech policy has been largely bipartisan in nature. Therefore, at first glance, the election results shouldn't really matter much. Yet, an optimist would say that since both the Bush Administration and Congressional Democrats will be motivated to get something done, melding respective "Innovation Agendas" and getting it passed and signed would seem to be a good way to disprove gridlock. Practically, this means high-skilled immigration reform, modernizing and making permanent the R&D tax credit, needed education reform, reforming the patent system
Likewise for Greentech policy. The Bush Administration is poised to become cheerleaders for alternative and efficient technologies. So are leading Democrats. Perhaps they'll be able to work together to create the first wave of federal policies that begins the slow road to weaning America off of foreign oil.
But then there is the downside of bipartisanship. Both Republicans and Democrats were able to come together and spend 410 House votes on a terrible Deleting Online Predators Act. Yes, we get why many Dems felt "forced" to vote on it, but we also heard plenty of them saying that a big problem of DOPA was that it didn't go far enough. The reality is that the quizzical look that both a Democrat and a Republican Congressman gets when they look at MySpace for the first time is pretty much the same.
And, it's bills like DOPA that provide an incremental, dangerous creep towards shoving old media models onto the Internet in order to make sense it all for congress folks who frankly are struggling to keep up with the rapid changes on the Net and with other new technologies like so many other Baby Boomers on up. We're worried that something as seemingly benign as closed captioning rules for online video doesn't somehow start a snowball of regulations that will turn YouTube into YeOldeTube.
But, this isn't all on Capitol Hill to figure out. The industry needs to remember how fast things move in tech and make a greater effort to educate. And, importantly, the education shouldn't be just about what Web site does what and how a new gizmo works. It should be about how those sites and gizmos are improving the average American's life far away from Silicon Valley. It's also high time for the Web 2.0 players to get off the snide and get involved in DC.
And, while all this attention is being showered on the new congressional leaders, let's not forget that 2008 is right around the corner and we need to be arming all of the top candidates with a positive innovation platform.
After the jump, what others are saying....