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April 25, 2017
After his billionaire vacay, Obama cashes in at the speech trough
For ordinary Americans, the one way you draw a $400,000 paycheck is to do something to create value. This is the story of very hardworking small businesses everywhere. As one wag put it several years ago in a book title, the first $20 million is the hardest.
Then there's Obama, fresh off his billionaire vacation over in Tahiti at Marlon Brando's exclusive hideaway estate, now drawing his first $400,000 paycheck for a...speech, from Wall Street firm Cantor Fitzgerald. Cue the music:
We're in the money, come on, my honey
Let's spend it, lend it, send it rolling along
Nice work if you can get it. And Obama is far from the only ex-official who's done it. The Bush family was the first group of politicians I was aware of that played this game. My savvy auto executive uncle in Michigan explained to me as a kid that this was very likely a disguised sort of bribery.
Obama has just demonstrated a capacity to take...(Read Full Post)
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