Saturday, November 19, 2011

Memo Reveals How Seriously Powerful Interests Take Occupy Wall Street - George Zornick

Television show Up With Chris Hayes unveiled a major scoop: the show obtained a written pitch to the American Bankers Association from a prominent Washington lobbying firm, proposing a $850,000 smear campaign against Occupy Wall Street.

The memo, issued by Clark Lytle Geduldig & Cranford, described the danger presented by the burgeoning movement, saying that if Democrats embraced Occupy, “This would mean more than just short-term political discomfort for Wall Street.… It has the potential to have very long-lasting political, policy and financial impacts on the companies in the center of the bullseye.” Furthermore, it notes that “the bigger concern…should be that Republicans will no longer defend Wall Street companies.”

We’ve seen similar efforts already. Karl Rove’s Crossroads GPS has blanketed Massachusetts airwaves with commercials depicting Occupy protestors as crazed radicals, and hitting Elizabeth Warren for embracing them.

These episodes belie any conservative claims that Occupy Wall Street (1) doesn’t have a clear purpose, or (2) won’t be effective. Rove has wondered in the past “what are these people for? To the degree that they’re for anything it’s left wing nuttiness.” Grover Norquist tweeted the other day that he hopes Occupy DC “keep(s) this up” because “Hippies elected Nixon. OWS will beat Obama.” Fox News is full of similar dismissals of Occupiers as dangerous, confused folks.

But if Rove thinks Occupy doesn’t present a clear message, why is he spending millions of dollars to attack them? Similarly, CLGC staffers are political professionals with many Wall Street clients, and the memo shows how seriously they consider the threat presented to powerful financial firms by the Occupy protests.

The full article is available here