Former President Barack Obama’s post-presidency is taking a page right out of the Hillary Clinton cash-out playbook.
Obama called out “fat cat bankers on Wall Street” during the 2008 presidential election — but now that he’s not worried about collecting votes, he’s singing a totally different tune.
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Fox Business News reports that Obama is set to cash in big time from Wall Street during his post-presidency.
“Obama, a progressive Democrat, spoke frequently about Wall Street greed during his eight years as president, and now he’s accepting a speaking fee from the industry he singled out as the main culprit of the banking collapse,” Fox Business News reported.
This week, Obama signed a deal with investment banking firm Cantor Fitzgerald to give a speech at their lunch conference in September… at which, he’ll be paid the equivalent of his annual presidential salary in one day.
“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,” Fox Business Network’s Charlie Gasparino reported.
Of course, that’s just the beginning of the post-presidency payday for Obama.
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He also recently signed a book deal that guarantees him $60 million — so his $400,000 pay-out just adds to his growing pile.
The Horn News wonders… will Obama use any of his newly acquired riches to pay back the estimated $90,000,000 in vacation travel and golfing trips he billed to American taxpayers over his two terms?
We won’t hold our breath.
— The Horn editorial team