Lobbying Firm Spends $850K to Target Occupy Wall StreetNovember 21, 2011
A big round of applause for our friends down the hall at Up! with Chris Hayes. They broke a story this weekend on a major Washington lobbying firm with links to the financial industry, who proposed an $850,000 plan to take on Occupy Wall Street, and politicians who might express sympathy for the protests. If you missed it, here it is, via MSNBC’s Open Channel blog:
The proposal was written on the letterhead of the lobbying firm Clark Lytle Geduldig & Cranford and addressed to one of CLGC’s clients, the American Bankers Association.
CLGC’s memo proposes that the ABA pay CLGC $850,000 to conduct “opposition research” on Occupy Wall Street in order to construct “negative narratives” about the protests and allied politicians. The memo also asserts 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.
According to the memo, 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 bullseye.”
Here’s the segment from this weekend. If you want to read the entire memo, it’s here.