“Leading Democratic party strategists have begun to openly discuss the benefits of embracing the growing and increasingly organized Occupy 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 voter turnout, including in the 2005-2006 immigration debate. This would mean more than just short-term political discomfort for Wall Street firms. 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 bullseye.
It shouldn't be surprising that the Democratic party or even President Obama's re-election team would campaign against Wall Street in this cycle. However, the bigger concern should be that Republicans will no longer defend Wall Street companies - and might start running against them too.
Well-known Wall Street companies stand at the nexus of where OWS protesters and the Tea Party overlap on angered populism. Both the radical left and the radical right are channeling broader frustration about the state of the economy and share a mutual anger over TARP and other perceived bailouts. 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.”
- A quote from the Washington lobbying firm’s (Clark Lytle Geduldig & Cranford - CLGC) proposal to conduct a smear campaign against OWS and politicians supporting OWS, and addressed to one of their major clients, the American Bankers Association.
* It’s worth noting that two of the partners in this lobbying firm, were aides to Speaker John Boehner (R-OH), and one of the partners, Sam Geduldig, is a fundraiser for Mitt Romney.
Adding........there is already, no doubt, a strong and concerted effort by the 1% in concert with Republican politicians, to discredit the OWS movement.
Via Chris Hayes