Sunday, November 20, 2011

Wall Street is feeling uncomfortable

Huffington Post publishes a memo of a lobbying firm to one of its clients in Wall Street. Let's quote the paragraph in full:
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 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.
Two things transpire from the memo: 1- Republicans are the party of Wall Street. 2- Wall Street is feeling the sting.


Anonymous said...

O God! we knew that but it's too ugly to face!

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