Thanks to Democracy Now! and MSNBC for unveiling the corporate lobbying group that has offered to the American Banking Association to undermine #occupy wallstreet.
According to MSNBC, the lobbying firm Clark Lytle Geduldig & Cranford sent the memo to the American Bankers Association and offered to conduct “opposition research” on Occupy Wall Street in order to construct “negative narratives” for a fee of $850,000. The memo advises the ABA to take the movement seriously, writing: “It may be easy to dismiss OWS as a ragtag group of protesters but they have demonstrated that they should be treated more like an organized competitor who is very nimble and capable of working the media, coordinating third party support and engaging office holders to do their bidding. To counter that, we have to do the same.” The memo goes on to warn the ABA that Democratic victories in 2012 would be detrimental for Wall Street and suggests the financial industry focus its energy on specific races that would lead to Republican elections.
In times of crisis, arguments about power become more visible. In this case, we get to see the generation of propaganda at the stage of inception and amplification.