Current Affairs

Obama accepting big money from big biz

Yatindra Bhatnagar

Former president Barack Obama, the champion of the poor, the advocate of –redistribution of wealth and an avowed opponent of the Wall Street, is after all, a big supporter of the ‘big biz’ and the big banks who were benefitted by big bail- outs with taxpayer money by Obama during his Administration. 

Now those big banks are paying back Obama and he is accepting the favors.

Obama has just accepted a big fat payout  for a series of meetings and speeches for the big biz. He will accept a modest amount of $400,000 for a few hours of meetings and speaking.

Wow! That’s a president’s full year’s salary. But after you leave the White House it’s pocket money you earn in one speech – just in a couple hours.

Big pay day, indeed. And Obama is pro-poor, anti-big business and anti-big banks. Though he did not go after them during his Administration, rather he bailed them out when THEY created an economic mess.

But that’s politics, economic politics, and that pays in the long run – after you are out of The White House.

After all, you have to provide for your retirement, your Golden Years. Who else will help you with good planning but the big biz, big banks with big checks.

Horn Editorial team adds:

Sep. 18, President Barack Obama’s biggest hypocrisy was revealed to the world — and it has liberals screaming mad.

It’s so scandalous, most of the mainstream media is desperate to bury it.

 “Obama is coming to Wall Street less than a year after leaving the White House, following a path that’s well-trod and well-paid,” Bloomberg first reported. “While he can’t run for president, he continues to be an influential voice in a party torn between celebrating and vilifying corporate power. His new work with banks might suggest which side of the debate he’ll be on and disappoint anyone expecting him to avoid a trap that snared [failed Democratic presidential candidate Hillary] Clinton.”

These are some of the same hugely profitable banks that Obama helped bailout using taxpayer dollars.

The same “fat cats” he promised Americans he’s reign in are making Obama very, very rich - and it has liberals very, very mad.

Obama is just another self-interested Washington politician that doesn’t care about the little guy or justice, it turns out. He only cares about himself - and the proof is in the bigtime cash payout Wall Street bankers are lining up to give the former president.

This isn’t news to most Americans… but to his liberal supporters, it’s betrayal. All across social media, former Obama fans have been left dumbfounded by the Sep. 18 report.

Matt Stoller says:  This is a really crappy thing to do to the people who poured their hearts into his campaigns and administration. 

Obama goes from White House to Wall Street in less than one year!

Hillary Clinton says she made a mistake when she gave speeches on Wall Street after leaving government. Taking money from banks, she writes in her new memoir, created the impression she was in their...

According to Bloomberg, Obama is charging Wall Street bankers at Northern Trust Corp., Cantor Fitzgeral LP, and others a reported $400,000 each for a few hours with him, promising to come take pictures and give a speech to their executives.

Northern Trust, it should be noted, received $1.6 billion in taxpayer cash during the financial crisis… money they were caught using to throw extravagant parties.

Under Obama, not a single Wall Street banker was jailed for their role in the 2008 financial crisis that cost taxpayers so dearly.

Aggressively pursuing justice would have surely made enemies on Wall Street — and for Obama, that would have been bad for business.

Democrats have been eager to sweep Obama’s actions under the rug.

“No prominent elected officials weighed in — including Sens. Elizabeth Warren (D-Mass.) and Bernie Sanders (I-Vt.), the most outspoken critics of the industry on the left — a reflection of the broader shrug that has characterized the party’s attitude toward the financial sector this year,” The Washington Post said.

Could you imagine the outrage if the rest of the mainstream media was brave enough to report on Obama’s post-presidency hypocrisy?

The outrage voters would feel could cost Democrats a lot of elections in 2018.

Is it any surprise that the Democrat-friendly media isn’t talking about it, then?