On November 19, 2011 MSNBC posted an exclusive. They said a well-known Washington lobbying firm with
links to the financial industry has proposed an $850,000 plan to take on Occupy Wall Street (OWS) and politicians who might express
sympathy for the protests, according to a memo obtained by the MSNBC program
“Up w/ Chris Hayes.” The proposal was written on the letterhead of Clark Lytle
Geduldig & Cranford and addressed to one of CLGC’s clients, the American
Bankers Association (ABA). CLGC’s memo proposed
that the ABA pay CLGC $850,000 to conduct “opposition
research” on OWS in order to
construct “negative narratives” about the protests and allied politicians. The
memo also asserted that Democratic victories in 2012 would be detrimental for
Wall Street and targets specific races in which it says Wall Street would
benefit by electing Republicans instead . . . if Democrats embrace OWS “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 bull’s-eye.” The memo also
suggests that the ABA’s biggest concern “… should be that Republicans will no
longer defend Wall Street companies.” Two of the memo’s authors, partners Sam
Geduldig and Jay Cranford, previously worked for House Speaker John Boehner.
Geduldig joined CLGC before Boehner became speaker; Cranford joined CLGC
this year after serving as the speaker’s assistant for policy. A third partner,
Steve Clark, is reportedly “tight” with Boehner according to a story by Roll Call that CLGC
features on its website. Jeff Sigmund, an ABA spokesperson, said in a
statement to ‘Up’ “Our Government Relations staff did receive the proposal – it
was unsolicited and we chose not to act on it in any way” and CLGC did not
return calls seeking comment. Boehner spokesman Michael Steel declined to
comment on the memo but responded to its characterization of Republicans
as defenders of Wall Street by saying “My understanding is that President Obama
is the single largest recipient of donations from Wall Street.” On ‘Up’ Anita
Dunn, Obama campaign adviser, responded by saying that the majority of the
president’s re-election campaign is fueled by small donors and rejected the
suggestion that the president himself is too close to Wall Street, saying “If
that’s the case why were tough financial reforms passed over party line
Republican opposition?” The CLGC memo raised another issue that it says should
be of concern to the financial industry -- that OWS 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,” the memo
says. “…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.” The memo
outlines a 60-day plan to conduct surveys and research on OWS and its
supporters so that Wall Street companies will be prepared to conduct a media
campaign in response to OWS. Wall Street companies “likely will not be the best
spokespeople for their own cause” according to the memo. “A big
challenge is to demonstrate that these companies still have political strength
and that making them a political target will carry a severe political
cost.” Part of the CLGC proposal is to do “statewide surveys in at
least 8 states that are shaping up to be the most important of the 2012 cycle.”
Specifically listed were the US Senate races in Florida, Pennsylvania (PA),
Virginia, Wisconsin, Ohio, New Mexico and Nevada and the gubernatorial race in
North Carolina. The memo indicates that CLGC would research who has contributed
financial backing to OWS noting that “Media reports have speculated about
associations with George Soros and others. It will be vital to understand who
is funding it and what their backgrounds and motives are. If we can show that they
have the same cynical motivation as a political opponent it will undermine
their credibility in a profound way.”
After this memo we heard on November 28 that Los
Angeles (LA) California (CA) officers in riot gear dispersed at least 1,000
protesters and in Philadelphia, PA they dispersed 200. On November 29 the LA protesters
went to court to fight an eviction and Olympia, Washington (WA) they stormed
the capitol. On November 30 the LA & PA protesters were removed (guess LA lost
the court battle). In December we heard protesters were arrested in Boston, Massachusetts,
Portland, Oregon (OR) and the District of Columbia (they were building a
temporary structure for winter without a permit) and were removed from San
Francisco, CA and Baltimore, Maryland. On December 12 – 1,000s of protesters tried
to shut down the west coast ports from San Diego, CA to Alaska; they did manage
to shut down some operations in Oakland, CA, Portland, OR and WA State. There’s
more to come.
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