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Obama To Be Paid $400k To Speak for Investment Banking Company
Like any good leftist progressive, former President Barack Obama hypocritically spent much of his tenure in office bashing the big banks on Wall Street for the obscene amounts of money being shifted around among the “fat cats.”
We say hypocritically because, also like any good progressive, he now has no problem raking in several hundred thousand dollars in a speaking fee from one of those big banks that he had bashed so much, according to a report from Charlie Gasparino of the Fox Business Network.
Gasparino revealed Monday that Obama is set to receive $400,000 from Wall Street firm Cantor Fitzgerald LP to speak at a health care conference in September. Set aside for a moment the fact that Obama’s namesake health care law is a dismal failure that may soon be repealed and replaced, if it doesn’t first collapse under its own socialist weight.
“What sources are telling Fox Business Network is that former President Obama, now less than 100 days out of office, has agreed to a speaking engagement during Cantor Fitzgerald’s health care conference in September,” said Gasparino, according to Real Clear Politics.
“We understand that he is going to be the keynote speaker for the lunch, and he’s going to receive a fee of $400,000,” he continued. “We should point out that that’s in line with what (former Democrat presidential nominee) Hilary Clinton got … we should point out that Cantor will neither confirm or deny.”
The Hill reported that while Cantor hasn’t officially confirmed or denied the alleged engagement, multiple sources within the firm quietly confirmed to Fox that the engagement was definitely on, with the firm merely waiting to finalize details with Obama before formally announcing it.
The sources also revealed that Obama retained the right to back out of the speaking engagement at any time and for any reason, such as a scheduling conflict, or perhaps if the staunchly anti-capitalist base of his increasingly leftist progressive Democrat Party objects a bit too much to his cashing in. But why would they? If it’s good for Clinton …
You can watch Charlie Gasparino with the story here:
The hypocrisy of this speaking engagement reeks mightily, and while most of us personally couldn’t care less if Obama wants to rake in big bucks from the same fat-cat bankers he once bashed, some consistency on the matter would be a welcome change from the typically shifty nature of leftist politicians.
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