Obama taking a page from the Clintons. Will get paid $400K for one hour speech on Wall Street
- Thread starter WVPATX
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That works out to $111.11 per second by the way.
This happens a lot with ex-POTUSes and whatnot but I wonder the finances behind it. They're paying because they think it's worthwhile and they'll make it up somehow. How are they going to make it up? By the increased prestege in having an ex-POTUS speak at their place? Or what?
The whole things just seems worship-y. What can he possibly say that will be so valuable? Nothing. It's just that people get off by being in his presence, like he's the Pope or something. It's kind of weird.
This happens a lot with ex-POTUSes and whatnot but I wonder the finances behind it. They're paying because they think it's worthwhile and they'll make it up somehow. How are they going to make it up? By the increased prestege in having an ex-POTUS speak at their place? Or what?
The whole things just seems worship-y. What can he possibly say that will be so valuable? Nothing. It's just that people get off by being in his presence, like he's the Pope or something. It's kind of weird.
No, businesses know that Obama still has major influence on Dems in Washington and therefore policy. This is all about buying influence. Washington is a cesspool. The Clinton's made hundreds of millions doing just this.
BTW, Bush has done it too, just not as much. And companies paid him for exactly the same reasons.
What he has to offer to Wall Street is influence with the Dem party. They must feel it is worth the huge payment.
I don’t see anything wrong with it. Free enterprise capitalism. WOULD you speak for an hour for $400,000?
No, but it's hypocritical to complain about money in politics than take this kind of money. He's against Citizens United except when he is for it.
Yes, and the media folks who love to point out any minute deviation in Trump’s statements in order to accuse him of hypocrisy surely gave President Obama a pass of super pacs.
He's not running for office, any office, again. This isn't money in politics. This is a former politician making a lot of money for a speech. I'm not too concerned about it. I wasn't concerned about it when any former president did it. $400k is a drop in the bucket relative to the amount of money they give to both parties.
Then there's Senator Warren complaining about money in politics while promoting her book...
"But she held back from criticizing the president directly while referring repeatedly to her new book, “This Fight is Our Fight,” in which she outlines her concerns about big money’s influence on American politics."
http://www.foxnews.com/politics/201...treet-speech-leaves-liberal-base-stunned.html
lol the media has always been critical of and a presidential/governmental watch dog. Need a tissue?
He's just an independent citizen making an honest living, sounds like you're jelly. He'll be making a lot more speeches and making gobs of money. You might need therapy to cope with this.
Obama has huge influence in the Dem Party. They paid him for that influence. It is money in politics that he railed against. He blamed the court for Citizens United decision yet takes huge money from big corporations. He is a hypocrite. Instead of standing on principle, he wanted the dough.
Move beyond tv, every heard of Rush Limbaugh? Alex Jones? and all of the other right wing radio hosts? and right wing newspapers?
So he is supposed to sit on his thumbs for the rest of his life? If he writes a book is that because a publisher is trying to curry favor? The people who booked him may just want to have him speak. While he is a prominent Democrat, he has no real power from this point forward. Is he able to get an audience with any prominent Democrat? Absolutely. So would anyone who can fork over $400k for a 1-hour speech.
Well according to you and your fake news polls, no one believes the media anyways so you can relax.
I get 90% of my news online. I check sources that lean right and sources that lean left. The Washington Times is a right leaning outlet that is well respected. The Post is the left leaner in that town, just as a reference for one city, although those papers have national readership.
He has many ways to make money. First, write his book along with Michele's book. Millions upon millions to be had. That is very reasonable. BTW, Obama said that at some point, why do you need to make more money, right? If the book deals generate 20 - 30M, why does he need more money, in his own words?
When you rail against big money in politics and then accept money from them, you are a classic hypocrite. Even Elizabeth Warren is appalled.
The Wash Times pales in comparison to the Wash Post in terms of size, influence, etc. You're smarter than this. And the NY Times is much bigger and much, much more influential.