Why do we need a president of the internet?
He/She will have no powers.
No real status.
No Nothing, except a title.

Raster.

The President of the Internet will have the power we give to him or her. Think of it as executing your right to link vote. Google ranking is also about power structures (Google compares PageRank to democracy).

Other than that, the President of the Internet idea (Google for it) is mostly a fun game. Like many Googlebombs are...