Hypocrite: Noun; A person who calls others “fat cats” for charging a lot of money, but then himself charges obscene amounts for speaking a crock load of bull shit.
Barack Obama, spent much of his eight years in the White House pointing critical fingers at Wall Street and Big Business, but today he isn’t as adverse to the almighty dollar as he let us to believe.
The ex-prez is about to earn $400,000 to deliver a speech (AKA a crock load of bull shit) at a Wall Street conference being run by Cantor Fitzgerald LP — the same type of people Obama used to blast as “fat cats.”
We can’t even count the number of times Obama blasted Wall Street for its greed — slammed Big Business for its salaries at the so-called expense of the little people. Fat cats, he called them — over and over, ad nauseum to the free-market, capitalistic crowd.
But now that he’s got a speaking gig with these undesirables that’s valued at $400,000?
It’s goodbye, principles; hello, greenback!
while Obama railed against “fat cat bankers” on the campaign trail, during his tenure as president he oversaw the massive bailout for the firms responsible for the 2008 crisis, picked former Wall Street executives for his cabinet, and not a single banker went to jail.
As Aaron Blake writes in the Washington Post, there are many problems with the arrangement:
George W. Bush and Bill Clinton did this, too, as have Hillary Clinton, Ben Bernanke and Alan Greenspan. And the more that Wall Street firms give out-of-office presidents and big-name politicians these paydays, the more they become the norm. Other presidents will know that such payments are on the table, and it risks coloring their decisions with regard to Wall Street and special interests.
Which is already happening with Obama, retroactively.
“Whether fair or not, it’s not difficult to look at Wall Street paying $400,000 to Obama as a reward for [the lack of prosecutions for anybody involved in the financial crisis]. In that way, it’s tough on both precedent and Obama’s presidency,” Blake observes.