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Wall Street Battle Plan to Address Occupy Leaked
File this under Know Thy Enemy: The following leaked memo was prepared by a public relations firm for the American Bankers Association to combat the growing Occupy movements throughout the U.S. Needless to say, it does not reflect the views of Oregon PeaceWorks, from whom we are borrowing this article, or Willamette Reds. It is important to see just how seriously Wall Street is now taking Occupy.
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 bulls-eye. 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.
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