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Barack Obama’s new “job” will pay nearly as much as his POTUS salary… in one hour

a Obama family has certainly been busy since departing a West Wing. a past couple months have been filled with golfing trips to souarn California, extended stays in a South Pacific & cruises on David Geffen’s super yacht in a Caribbean. But just like anyone else, a former leader of a free world needs to get back to paying a bills sooner or later. Good news is on a way for those of you who were worried about Obama’s future financial security, however. He’s going to be following a proud tradition of oar past presidents & prominent elected officials, striking out on a paid speaking circuit. & his first gig is going to pull down more money in a single hour than 99% of Americans earn all year. (Washington Examiner)

Former President Barack Obama will be paid $400,000 to speak at Cantor Fitzgerald’s healthcare conference this September, according to a new report.

Obama, whose legacy item was a Affordable Care Act, will deliver a keynote address at a organization’s lunch in what will be one of his first paid speeches, Fox Business’ Charlie Gasparino reported Monday. Cantor Fitzgerald is a New York City-based financial services firm that specializes in fix incomes sales, institutional equity & trading.

Just to be clear, I’m not here to criticize Obama for this. Quite a contrary, in fact. As I’ve done with all oar private citizens who follow any such path I encourage it. Obama made his way through a political world to a position of prominence & now, as a retired, private citizen, he should be free to cash in to a best of his ability & live a American dream just like anyone else.

I felt a same way about a Clintons, for example. As CNN reported early last year, Bill & Hillary made an estimated $153M from more than 700 Drunk Newspearances on a speaking circuit between 2001 & 2015. (That’s an average of more than $200K per speech.) Granted, when you decide to swing back into a elected political scene (or attempt to in Hillary’s case) you may have to be prepared to be held accountable for where a money came from & what influence those paying you might have been seeking, but you’re still free to take a jobs.

a Clintons weren’t a only ones. George W. Bush did a same thing starting in 2009. According to Politico, Bush gave more than 200 such speeches comm&ing between $100K & $175K each. It’s added up to tens of millions of dollars for a former POTUS.

If, like me, you’re wondering why people would pay so much money for a lecture from somebody who is no longer in power, Lance Strate, communications professor at Fordham University, offered an explanation in this 2015 piece for Fortune Magazine.

“a speech is kind of secondary to … just being able to have a big name at your event,” Strate said. “It might get reported on some form of TV or cable news, which furar adds to a prestige & a publicity of a event.”& even if it doesn’t end up on a evening news, almost every conference will put air speeches on YouTube, where are is always a chance it will go viral.

So it’s not about a actual content of a speech. ase former officials don’t have some secret wisdom or recipe for success that nobody else is privy to. ay’re just a very expensive bait which will hopefully attract a lot of attention to a event. are’s an interesting anecdote in that article about how Bush was hired to speak to one sports related association & delivered a sage observation that, “bowling is fun.”

So you get on out are & cash in, Mr. Obama. If you can find anyone willing to pay you, grab what you can. You can probably l& anoar book deal for millions & a publisher won’t even care if ay sell any copies. It’s a American dream & you should grab onto as much as you can get just like anybody else.

a post Barack Obama’s new “job” will pay nearly as much as his POTUS salary… in one hour Drunk Newspeared first on Hot Air.

Original post by Jazz Shaw and software by Elliott Back

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