Skip to main content

Barack Obama To Speak For The Devil Of Wall Street?

Former President Barack Obama and his wife, Michelle Obama, continue to be scrutinized for agreeing to profitable yet somewhat controversial deals since leaving the White House.

As President Donald Trump's administration continues to find its way, the 44th president and his wife continue to be lambasted for going on exotic vacations and signing deals to speak about their experience as former occupiers of the White House.

According to The Inquisitr, Mr. and Mrs. Obama are reportedly receiving a $60 million advance to pen their respective memoirs about their lives in the White House, the most any prior president and first lady has collected for the same.

While book deals are common for former presidents and first ladies once they've stepped down from their positions, the Obama name has been tarnished, some say, by the new and latest deals that they have signed.

Mr. Obama reportedly received $400,000 for an interview with A&E Network advertising. At the event, presidential historian Doris Kearns Goodwin asked the former president how he dealt with frustrating moments while actively serving his country

"For starters, by not having a Twitter account," he pointed out. He did, however, elaborate seriously, saying that he missed sitting on one of the White House balconies in the summertime, looking out on the Lincoln Memorial and the Washington Monument.

The interviewee made the comment at the Pierre Hotel in Midtown Manhattan as part of  a "History Makers" event that ran for about an hour and a half.

The Hill reported that the event was hosted by A&E chief Nancy Dubai, and took place in front of the cable network's advertisers.

The first black president is also set to make $400,000 from a speech he will deliver to a Wall Street investment bank in September at a health care conference. His decision to do so has led to him being viewed as "hypocritical."

Democratic Sen. Elizabeth Warren of Massachusetts signaled she was "troubled" by the former president receiving such a sum for his participation in the event.

Independent Sen. Bernie Sanders of Vermont, a self-avowed Socialist, also called him out for the disparity of his allegiances.

"I think at a time when people are so frustrated with the power of Wall Street and the big-moneyed interests, I think it is unfortunate that [former] President Obama is doing this," Sanders said in late April.

"Wall Street has incredible power, and I would have hoped that the president would not have given a speech like this," he added.

Sources: The Inquisitr, The Hill / Photo credit: Gage Skidmore/Wikimedia Commons

Popular Video