This is shocking stuff – not the fact that some forces on the left would try to achieve its goals using a strategy like this, but the fact that the former official of the SEIU was caught on tape, frankly discussing his plan to destroy the US economy at a Pace University forum, last weekend.
Video via The Blaze.
The Business Insider reports:
The plan is designed to destroy JP Morgan, nuke the stock market, and weaken Wall Street’s grip on power, thus creating the conditions necessary for a redistribution of wealth and a change in government.
The former SEIU official, Stephen Lerner, spoke in a closed session at a Pace University forum last weekend.
The Blaze procured what appears to be a tape of Lerner’s remarks. Many Americans will undoubtely sympathize with and support them. Still, the “destabilization” plan is startling in its specificity, especially coming so close on the heels of the financial crisis.
Lerner said that unions and community organizations are, for all intents and purposes, dead. The only way to achieve their goals, therefore–the redistribution of wealth and the return of “$17 trillion” stolen from the middle class by Wall Street–is to “destabilize the country.”
Lerner’s plan is to organize a mass, coordinated “strike” on mortgage, student loan, and local government debt payments–thus bringing the banks to the edge of insolvency and forcing them to renegotiate the terms of the loans. This destabilization and turmoil, Lerner hopes, will also crash the stock market, isolating the banking class and allowing for a transfer of power.
Lerner’s plan starts by attacking JP Morgan Chase in early May, with demonstrations on Wall Street, protests at the annual shareholder meeting, and then calls for a coordinated mortgage strike.
Lerner also says explicitly that, although the attack will benefit labor unions, it cannot be seen as being organized by them. It must therefore be run by community organizations.
Lerner was ousted from SEIU last November, reportedly for spending millions of the union’s dollars trying to pursue a plan like the one he details here. It is not clear what, if any, power and influence he currently wields. His main message–that Wall Street won the financial crisis, that inequality in this country is hitting record levels, and that there appears to be no other way to stop the trend–will almost certainly resonate.
Cross-posted at Nice Deb
One of the aspects of being both one of the freest and most developed nations in the world is the ability of the people to demand high standards.
High standards in construction, high standards in waste disposal, high standards (sometime even excessive standards) in safety, are the norm in America. These high standards can inhibit business to a degree but because of those high standards, US engineering is some of the finest, safest and greenest in the world.
Thus when a barrel of oil is pumped in say; Texas, you can be sure that the environmental footprint and impact is considerably less that the same barrel of oil pumped from Nigeria. That’s why the conditions in a factory in South Carolina are superior to a factory in China. The people of America and the standards and laws of America, passed by the people’s elected representatives demand it.