Cat videos or U.S. election coverage? You choose on YouTube.

YouTube proved it is good for more than just cat videos (though we do love a good cat video here at Strauss Media). The company recently announced the presence of its new political hub for the 2012 U.S. election. It will live stream speeches at the Republican and Democratic National Conventions, host Google+ hangouts with political power players, and broadcast the presidential and vice presidential debates.

In addition to YouTube’s coverage, the hub will also feature reporting and commentary from ABC News, Al Jazeera English, BuzzFeed, Larry King, The New York Times, Phil DeFranco, Univision and the Wall Street Journal.

We can only hope there will be some juicy gossip or scandal lodged somewhere in this political playground to liven things up as the election kicks into high gear.

Oh, and what the heck — here’s one of our favorite cat videos. This is what YouTube was MADE FOR.