Sound familiar? Like what Hillary Clinton did when she got over $200,000 for each of two speeches to Goldman Sachs a few years ago?
Yep, Obama—our Barack Obama, former President—is scheduled in September to get nearly twice as much as Clinton for a speech: $400,000 for one hour’s work (I bet others will write the damn speech). Further, it’s a speech at a health care conference organized by Wall Street bank Cantor Fitzgerald. It’s also exactly the same amount Obama earned per YEAR as President of the U.S. The New York Times reports this:
On Wednesday, Mr. Obama’s spokesman defended the former president’s coming speech, saying Mr. Obama decided to give it because health care changes were important to him. The spokesman, Eric Schultz, noted that Cantor Fitzgerald is a Wall Street firm but pointed out in a statement that as a presidential candidate, Mr. Obama raised money from Wall Street and went on to aggressively regulate it.
Mr. Obama will spend most of his post-presidency, Mr. Schultz said, “training and elevating a new generation of political leaders in America.”
If health care changes are important to Obama, there are plenty of venues where he can express his ideas and program without lining his pockets.
Well, at least Obama isn’t in a position to make policy about healthcare any more, but I find it unseemly for him to be so grasping and acquisitive after he left the Presidency. After all, the man is already wealthy from his earlier books (if you don’t believe me, I’ll show you a picture of his mansion about two miles from where I’m sitting). For one thing, he’ll cop several million bucks as an advance on the book he’s writing. And he won’t lack for opportunities in the future. The fact that Obama regulated Wall Street and cares about healthcare is just an excuse: the real reason is that he wants lots of money. He doesn’t need tons of extra money, especially from Wall Street firms. If he has a message, let him convey it to the American public.
I’m sure there are many readers who will say, “This is fine: more power to him. If somebody’s willing to pay Obama that much for an hour’s work, let him take the dough.” But would Jimmy Carter do that? Can you keep an image as a humanitarian while taking big bucks from Wall Street? Many of us criticized Hillary Clinton for giving $200,000+ speeches to Wall Street firms, and if we now say that what Obama is doing is okay, that’s a bit of a double standard. And yes, I know Clinton did it when it was clear she would run for President, but remember that Obama will still act as an advisor to Democrats.
In fact, even other Democrats, including Bernie Sanders and Elizabeth Warren, were critical of this news. From The Independent:
Bernie Sanders has said he thinks it is “unfortunate” Mr Obama opted to receive the fee and argued the decision signifies the profound influence big business has on the political system.
“I think it just speaks to the power of Wall Street and the influence of big money in the political process,” the Democrat Vermont senator told Bloomberg.
“I think it’s unfortunate. President Obama is now a private citizen and he can do anything he wants to but I think it’s unfortunate. You have the former president of Goldman Sachs is now the chief financial advisor for President Trump, and then you have this, so I think it’s unfortunate”.
. . . Senator Elizabeth Warren has also expressed her reservations, saying she was “troubled by” the speaking fee.
“I was troubled by that,” Warren said on SiriusXM’s Alter Family Politics during an appearance to promote her new book.
“One of the things I talk about in the book is the influence of money. I describe it as a snake that slithers through Washington. And that it shows up in so many different ways here in Washington.”
It’s telling that the
New York Times, which to my horror seems to becoming more Regressive Leftist (see
their claim yesterday that conservatives were bringing trouble on themselves by speaking at Berkeley), gave this headline for its report:

“Balances”? WTF? That’s not objective reporting; it’s an attempt to burnish his image.
And the HuffPo reacts predictably (click screenshot for the pathetic justification):

Okay, now you can go ahead and defend him. I won’t—not on this issue.