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Capitalist Obama Gets $400,000 For Wall Street Speech

Will this presidential election be the most important in American history?

Former President Obama is transforming his government service into a winning lottery ticket.

First, the former president and first lady Michelle Obama signed a record joint book deal for $65 million.

Now, Obama is scheduled to get $400,000 for a speech paid by a Wall Street firm.

The New York Times reports:

Out of office for about three months, Mr. Obama has begun the process of cashing in. In February, he and his wife, Michelle, each signed book deals worth tens of millions of dollars. And Mr. Obama’s spokesman confirmed last week that he is beginning the paid-speech circuit.

A $400,000 speaking fee for addressing the Cantor Fitzgerald conference would be a sharp increase from the amounts typically paid to his predecessors. Former President Bill Clinton averaged about $200,000 per speech while former President George W. Bush is reportedly paid $100,000 to $175,000 for each appearance.

While president, Obama blasted Wall Street and pushed through the Dodd-Frank banking law.

Suddenly, with big money to be made, Obama now supports Wall Street.

Tom Borelli

Dr. Tom Borelli is a Newsmax TV contributor and radio commentator addressing political issues from a conservative grassroots perspective. As a columnist, he has written for The Washington Times and authored articles for Newsmax Magazine, Newsmax Insider and previously was a co-host with his wife Deneen Borelli on the SiriusXM Patriot channel. Dr. Borelli appeared on numerous television programs, including the highly ranked Fox News Channel’s “The O’Reilly Factor,” “Hannity,” “The Kelly File," and "America’s News Headquarters." He has also appeared on Fox Business Network’s “Making Money with Charles Payne” and “After the Bell” as well as TheBlaze TV’s "The Glenn Beck Program" and "Dana!" Prior to working for public policy organizations, Dr. Borelli was a managing partner with the investment advisory firm of Action Fund Management, LLC and a portfolio manager for the Free Enterprise Action Fund (FEAF) where he used shareholder activism to challenge corporations that sought to profit from the growth of government. During his 25 years with the Altria Group, Inc., he built a foundation in public policy and issues management, drawing from diverse experiences ranging from basic research to corporate affairs. Dr. Borelli served as science fellow for the U.S. House of Representatives' Committee on Science, Space, and Technology during the 100th Congress. Dr. Borelli has also published scientific papers on interferon and human leukemia.

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