President Obama, the preeminent crusader against the evils of Wall Street, took some heat from his Progressive pals a few weeks ago when it emerged that as his first paid speech appearance he would receive $400,000 for roughly an hour of his time from, well, Wall Street, or rather Cantor Fitzgerald.
But the irony didn't end there. In an effort to combat the public outcry, the beloved former President defended his efforts by arguing that the decision to take $400,000 from Cantor Fitzgerald couldn't possibly mean that he's a sellout because, well, he already sold out to Wall Street during his initial Presidential campaign back in 2008. You can't sell out again if you've already sold out before...come on people, it doesn't work that way. Here is part of his actual statement:
But, according to the Express, the $400,000 fee from Cantor is nothing compared to the $3.2 million that President Obama got for his speech in Milan at the Seeds and Chips gathering in Milan today, a conference on the impact that technology, innovation and climate change will have on food availability and production worldwide."With regard to this or any speech involving Wall Street sponsors, I'd just point out that in 2008, Barack Obama raised more money from Wall Street than any candidate in history - and still went on to successfully pass and implement the toughest reforms on Wall Street since FDR."