New social network hopes to spur economic conversation

BOSTON: A new social network that allows people to audit the federal government and discuss other ways to fix the lagging economy was launched this Monday, February 2.

BOSTON: A new social network that allows people to audit the federal government and discuss other ways to fix the lagging economy was launched this Monday, February 2. Aaron Day, the entrepreneur founder of the new group - Daylight Network - said he believes people needed an outlet to share thoughts about the ongoing economic crisis.

“The $5,000 Obama Prediction Market” allows users to follow government money, make predictions on the administration, and suggest non-government responses to the economy, he said.

“We want to figure out a way to get out of the economic crisis using a wide range of solutions rather than just placing on bets on the federal government,” he said. The site has developed an early following among conservatives, but it is trending toward a wider market, he added.

Day said he's targeting bloggers, especially those considered economic thought leaders, to gain traction for the site. The next wave of outreach will target college newspapers and geographic areas that have been most hit by the economy.

“Obviously we want to grow membership but we want to encourage quality content,” he added. Day hopes to appeal political junkies, college students gearing up to enter the job market, retirees worried about their savings, and anyone impacted by what's happening in the economy.

“People are turning to the Webs and blogs [in response to the failing economy],” he said. “There is this large mass of untapped energy with ideas for debate.”

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