Think an Obama Speech Is Worth $400,000? Neither Does…

Think an Obama Speech Is Worth $400,000? Neither Does…

By Brock Swinson | Monday Monday Staff -    2017-05-10

Obama Returns To Rake In The Cash

Barack Obama | Photo Credit Barcroft

After a short three-month hiatus, former President Barack Obama has decided to start making speeches again. According to The Wall Street Journal, these speeches cost around $400,000 as of now.

Last year, when Obama was the president, he vetoed a bill that would have curbed presidential pensions for former presidents if they took an outside income of over $400,000 or more.

Now that Obama has accepted this fee for a speech an upcoming Wall Street speech, the bill’s sponsors will likely reintroduce this bill so Trump might sign it.

Obama’s Self-Serving Veto For Future (Now) PayDay

American Money | Photo Credit Flickr

USA Today reports:

“The Obama hypocrisy on this issue is revealing,” said Rep. Jason Chaffetz, R-Utah, chairman of the House Oversight and Government Reform Committee and sponsor of the 2016 bill. “His veto was very self-serving.”

“Chaffetz and Sen. Joni Ernst, R-Iowa, the sponsor of the companion Senate bill, say they will re-introduce the Presidential Allowance Modernization Act this month. The bill would cap presidential pensions at $200,000, with another $200,000 for expenses. But those payments would be reduced dollar-for-dollar once their outside income exceeds $400,000.”

Bill Maher And Bernie Sanders Not Happy…

Bill Maher | Photo Credit Getty

The Blaze reports:

“On Friday night’s episode of “Real Time” on HBO, liberal host Bill Maher criticized former President Barack Obama for agreeing to give a speech at a Wall Street firm in September 2017 in exchange for $400,000. Obama was a harsh critic of Wall Street throughout his presidency and often villainized large corporations and wealthy investors for not “paying their fair share.”

“It kind of looks like: when he’s on our team, we’re OK with it,” Maher said, adding later, “You could say that when a guy is president, he’s looking ahead to that $400,000 payday. And he’s not going to get it if, while he’s president, he’s going to do something to p*** them off. So, isn’t the best thing to do to take your $10 million book deal? Can’t you live off that?”

Bernie Sanders also said “it does not look good…”

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Brock Swinson

Brock Swinson is the author of 'How Hollywood Screenwriters Annihilate Writer's Block,' which includes advice from Aaron Sorkin, William Monahan, and Cary Fukunaga. Get it for free or listen to interviews at the "Creative Principles with Brock Swinson" podcast on the website above.

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