28 November 2011

Greg Sargent - How Wall Street really views the protesters

MSNBC's Chris Hayes just aired an exclusive that provides an interesting look at how some of those being targeted by Occupy Wall Street may really view the protests. He reported that a memo from a prominent corporate lobbying firm to the American Bankers Association proposed an extensive public relations campaign — including opposition research into key movement figures and an elaborate media strategy — designed to discredit the movement, and Dems who embrace it.

The memo was authored by lobbyists at the firm Clark Lytle Geduldig Cranford — and there are two key takeaways. The first is that some allies of Wall Street firms see Occupy Wall Street as a potential long term political threat. The second is that they see the Democratic strategy of embracing the populist message of the protests as something that could work, rather than something that is an automatic negative for Dems, as conservatives keep proclaiming is the case.

From the memo:

Leading Democratic party strategists have begun to openly discuss the benefits of embracing the growing and increasingly organized Occuy Wall Street (OWS) movement to prevent Republican gains in Congress and the White House next year. We have seen this process of adopting extreme positions and movements to increase base voer turnout, including in the 2005-2006 immigration debate. If vilifying the leading companies of this sector is allowed to become an unchallenged centerpiece of a coordinated Democratic campaign, it has the potential to have very long-lasting political, policy and financial impacts on the companies in the center of the bullsye.


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