(CBS Atlanta)–ATLANTA, Ga. -The Occupy movement has decided to fight fire with fire.
Last week, John Paul Thornton of Decatur, Ala. filed to create a PAC for the Occupy Movement. â€œPACâ€ is an acronym for a political action committee, or an organization that campaigns for or against candidates, legislation, and ballot initiatives.
Thornton is an active member in the Alabama Occupy movement.Â He said he came up with the idea when he was laying in bed.
â€œ[I was] watching [The Colbert Report] and I thought, â€˜Wouldnâ€™t be nice if Occupy had a PAC,â€™ and â€¦ like a lightbulb, it came to me!â€ he told CBS Atlanta.
The money that will be raised can be used by Occupy as a whole, from branches in Huntsville, Ala. to ones in New York City or Oakland, Calif.
â€œThis PAC is for everyone and if they want to contribute they are more than welcome,â€ Thornton said. â€œThis is going to be uber-transparent down to the cent.Â It will be egalitarian and democratic.â€
Money will also be used for federal candidates such as Elizabeth Warren andÂ Vermont Senator Bernie Sanders [Admitted socialist –Ed.]because of their pledges to get money out of politics.
In bed with evvvvvvil corporate bankers! Shame!
(CBS) –Thornton said the type of entity applying is a “cooperative” and listed the mailing address of the organization as having “none” but also being “everywhere.”
Thornton only partially stuck to the movement’s anti-Wall Street philosophy. The primary bank listed to collect funds raised for the PAC is a credit union — a preferred financial institution. But the second financial outlet listed on the FEC forms is a corporate regional bank — not one of the big Wall Street firms — but a member of the S&P 500.
Update: “So whoâ€™s Thornton?”
Update 2: There is already an OccupyPolitics PAC, Inc., founded byÂ James C. Farrar, Jr., who is active in his local OWS group — Occupy Jackson (Mississippi).
Update 3: Thornton is a Ron Paul 2012 campaign contributor.