Former President Barack Obama is wasting no time in cashing in on the speaking circuit.
According to VOX, the former President has agreed to speak at a health care conference organized by the Wall Street firm of Cantor Fitzgerald where he will collect $400,000 for a few hours of work.
Cantor Fitzgerald is sponsoring the one-day event, and Mr. Obama will be the keynote luncheon speaker. The news comes just one day after Obama made his first public comments since leaving office.
Even the Obama loving liberal left is having a hard time justifying Obama’s ethical lapse in accepting the speaking fee.
But the difficulty of drawing a clear, overarching ethical line is exactly why an ex-president, who is uniquely high-profile and uniquely insulated from financial pressures, ought to set a high standard. Obama doesn’t need a next job. As a former president, he is entitled to lifelong health care and a pension worth more than $200,000 a year. He’s already written two best-selling books and could easily write a third or fourth. (A recent deal between the Obamas and Penguin Random House will reportedly earn the former first couple at least $65 million.)
— Matthew Yglesias writing in VOX
What is even more ironic is that Obama got elected by telling people how awful Wall Street really was and now he’s become a new symbol of greed and corruption.