Isn’t it funny how these uber-liberals who, probably pandering to their voters, seemingly despise capitalism and corporations, want to tax us to death, and want the system to pay for EVERYTHING seems to get paid some pretty fat bucks just for saying a few words?
I guess now Obama is moving forward and planning to make some big bucks. Just last month he spoke to clients of the Northern Trust Corp to the tune of $400,000. And it’s not stopping there.
He’ll also be attending a three-day conference held by the brokerage and investment bank Cantor Fitzgerald for, again, $400,000.
See… under normal circumstances I’d be all for it. Get out there and make your money! That goes for all of you, too. But the hypocrisy of these Liberal leaders never ceases to amaze me.
Obama is coming to Wall Street less than a year after leaving the White House, following a path that’s well trod and well paid. While he can’t run for president, he continues to be an influential voice in a party torn between celebrating and vilifying corporate power. His new work with banks might suggest which side of the debate he’ll be on and disappoint anyone expecting him to avoid a trap that snared Clinton. Or, as some of his executive friends see it, he’s just a private citizen giving a few paid speeches to other successful people while writing his next book.
Obama’s relationship with Wall Street hasn’t always been good. Bankers still boil over with rage about him, wincing over his 2009 line about fat cats as if the wounds were fresh. But his Justice Department prosecuted no major bankers for their roles in the financial crisis, and he resisted calls to break up the biggest banks, signing a regulatory overhaul that annoyed them with new rules but didn’t stop them from pulling in record profits.
Cantor Chief Executive Officer Howard Lutnick, whose firm lost more than 600 people in the Sept. 11 attacks, said the former president will make remarks and take questions. The three-day conference for current and prospective clients begins Sept. 25. Obama will be paid about $400,000, according to a person familiar with the arrangement.