Obama Accepts $400,000 Fee for a Speech from a Wall St Firm

Obama Accepts $400,000 Fee for a Speech from a Wall St Firm. The corruption continues. Obama’s annual salary as President was less than that.

Barack Obama Joins the Gravy Train, by Will Pavia.

He has holidayed with billionaires and stayed at Marlon Brando’s old retreat in the South Pacific to work on his memoir.

As Barack Obama nears 100 days out of office, he is facing his first controversy as a former president. Mr Obama is said to have agreed to accept $535,000 (US$400,000) from a Wall Street group to give a speech later this year. …

The reported payment, nearly double the notorious Goldman Sachs speaking fee that caused difficulties for Hillary Clinton during her failed presidential campaign, has prompted some dismay among Mr Obama’s supporters.

Former presidents are frequently judged against Harry Truman, who left office in 1953 with just an army pension of US$112.56 a month. He sold the rights to his memoir to Life magazine but turned down lucrative roles, saying: “I could never lend myself to any transaction however respectable that would commercialise on the prestige and dignity of the office of the presidency.”