Hedge Fund-Bankrolled Emergency Committee For Israel Smears Occupy Wall St. Protests As ‘Anti-Semitic’
"Hedge Fund-Bankrolled Emergency Committee For Israel Smears Occupy Wall St. Protests As ‘Anti-Semitic’"
The ad, which was faithfully promoted by ECI’s go-to media outlets — Politico’s Ben Smith, the Weekly Standard, and Commentary — alleges that Democratic party leaders are “turning a blind eye to anti-Semitic, anti-Israel attacks,” and urges President Obama and House Minority Leader Nancy Pelosi to “stand up to the mob.” Watch it:
While the anti-Semitic signs and clips shown in the commercial are deeply offensive, the Occupy Wall Street protesters have consistently rejected the attempts of a small number of extremists to hijack the movement. In fact, on Friday, “new media activist” Daniel Sieradski organized over 700 Occupy Wall Street protesters to participate in Kol Nidre, the prayers that begin Yom Kippur.
ThinkProgress reported in June that two-thirds of ECIPAC’s contributions in the past election cycle came from Daniel S. Loeb, CEO of Third Point Management, a New York based hedge fund.
Loeb’s $100,000 in support for ECI follows his track record of falling out of love with Obama after the White House pushed for financial regulatory reforms.
On April 26, the Wall Street Journal reported on Loeb’s change of heart and quoted from an email Loeb wrote and circulated in late 2010.
“I am sure, if we are really nice and stay quiet, everything will be alright and the president will become more centrist and that all his tough talk is just words,” Mr. Loeb wrote in an email about four months ago expressing frustration with the president’s posture toward Wall Street. “I mean, he really loves us and when he beats us, he doesn’t mean it.”
Indeed, in the 2010 and 2012 election cycles, Loeb has contributed nearly $170,000 to a stable of Republican candidates including radical Islamophobe Rep. Allen West (R-FL).
And last week, the New York Times reported that Loeb had signed on to support Mitt Romney.
While the ECI appears to be in the business of taking any and all opportunities to paint the Obama administration and the Democratic party as anti-Israel, their attempts to smear the Wall Street protests as anti-Semitic closely aligns the right wing pro-Israel group with the domestic political and business interests of its biggest financial backer.