Skip to main content
  1. News
  2. Politics
  3. Independent

The secret $850k plan by lobbyists to undermine the Occupy movement

See also

One of the things the Occupy movement is protesting is the money spent by corporations to buy and sell politicians in Washington, either through campaign contributions or lobby groups. Well now, one of those lobby groups is offering up a way to oppose the Occupy movement.
MSNBC's "Up with Chris Hayes" obtained a memo from the lobbying firm Clark Lytle Geduldig & Cranford, which pitched to the American Bankers Association (ABA) an $850-thousand "opposition research" campaign against both Occupy protesters and any politicians who show them sympathy.
The banking association is one of the lobbying firm's regular clients, as is MasterCard Worldwide and a banking coalition concerned about interchange fees.

The way MSNBC sized it up, Democrats could win if they can channel the anger underlying the anti-Wall Street protests and the memo identifies some races in which banks and investment firms would be better served by electing friendly Republicans instead.

The memo also warns that if Democrats embrace the Occupy movement --quote-- "This would mean more than just short-term political discomfort for Wall Street [that] has the potential to have very long-lasting political, policy and financial impacts on the companies in the center of the bullseye."

The memo also suggests that Democratic victories in 2012 should not be the ABA's biggest concern. "… (T)he bigger concern," the memo says, "should be that Republicans will no longer defend Wall Street companies."

The memo also warns that the Occupy movement might find common cause with the Tea Party. "Well-known Wall Street companies stand at the nexus of where OWS protestors and the Tea Party overlap on angered populism," says the memo. "This combination has the potential to be explosive later in the year when media reports cover the next round of bonuses and contrast it with stories of millions of Americans making do with less this holiday season."

Two of the memo's authors are former aides to House Speaker John Boehner.

The lobbying firm isn't talking to the media, but it looks like the American Banking Association isn't talking to the lobbying firm. A spokesman said the association decided "not to act on (the proposal) in any way."

Now why should the banksters pay a lobbying firm to smear the Occupy movement when Fox News and its satellite acolytes are already doing the job for free?

--Remember: There's always pepper spray.

Comments

Advertisement

News

  • Baseball Hall of Fame
    The Baseball Hall of Fame in Cooperstown welcomes six new inductees
    Video
    Video
  • 2012 do-over
    If we were to re-do the 2012 election, a new poll suggests Romney would win
    Politics
  • Boko Haram
    Boko Haram kidnaps the wife of the vice prime minister of Cameroon
    World News
  • Ceasefire breaks
    Israel's Benjamin Netanyahu claims Hamas broke another brief ceasefire
    Gaza
  • Close call with CME
    Scientists tell how Earth survived a giant solar flare back in 2012
    Space
  • Comic-Con
    What's going on at Comic-Con? Get all the latest updates here
    Comic-Con

Related Videos:

  • CSN live
    <div class="video-info" data-id="517198605" data-param-name="playList" data-provider="5min" data-url="http://pshared.5min.com/Scripts/PlayerSeed.js?sid=1304&width=480&height=401&playList=517198605&autoStart=true"></div>
  • Peter Schiff: Fed QE, weak dollar will help increase Gold to $5,000
    <div class="video-info" data-id="517200283" data-param-name="playList" data-provider="5min" data-url="http://pshared.5min.com/Scripts/PlayerSeed.js?sid=1304&width=480&height=401&playList=517200283&autoStart=true"></div>
  • Peter Schiff says U.S. economy is 'screw up', in a bubble
    <div class="video-info" data-id="517218761" data-param-name="playList" data-provider="5min" data-url="http://pshared.5min.com/Scripts/PlayerSeed.js?sid=1304&width=480&height=401&playList=517218761&autoStart=true"></div>