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$400,000 speaking fee

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Post by confuzzled dude Tue Apr 25, 2017 9:01 pm

Indeed, to not take the money might be a problem for someone in Obama's position. It would set a precedent.

Obama would be suggesting that for an economically comfortable high-ranking former government official to be out there doing paid speaking gigs would be corrupt, sleazy, or both. He'd be looking down his nose at the other corrupt, sleazy former high-ranking government officials and making enemies.

Which is exactly why he should have turned down the gig.
But the difficulty of drawing a clear, overarching ethical line is exactly why an ex-president, who is uniquely high-profile and uniquely insulated from financial pressures, ought to set a high standard. Obama doesn't need a next job. As a former president, he is entitled to lifelong health care and a pension worth more than $200,000 a year. He's already written two best-selling books and could easily write a third or fourth. (A recent deal between the Obamas and Penguin Random House will reportedly earn the former first couple at least $65 million.)

Obama has already raised millions for his library and presidential foundation. He, more than any of his former subordinates, can safely say no, that Harry Truman was right and this is an unseemly thing for a former president to be doing, and that it was a mistake of American society to normalize that form of conduct from his immediate few predecessors.
http://www.vox.com/policy-and-politics/2017/4/25/15419740/obama-speaking-fee

I never understood this paid speeches business, especially from those folks who are supposedly in public service, these sound like quid pro quo arrangements.

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Post by silvermani Fri Apr 28, 2017 9:35 pm

$400,000 speaking fee 20170428_obama_0
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Post by FluteHolder Fri Apr 28, 2017 11:12 pm

https://theintercept.com/2017/04/27/wall-street-firm-paying-obama-400000-faced-internal-controversy-after-pocketing-huge-911-settlement/

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Post by Shyam Sundar Sat Apr 29, 2017 10:43 am

Ethics My foot!

Idealism does not last beyond the age of thirty.

Once you taste power and wealth,  it is hard to let them go.

Shyam Sundar

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Post by FluteHolder Sat Apr 29, 2017 1:28 pm

Shyam Sundar wrote:Ethics My foot!

Idealism does not last beyond the age of thirty.

Once you taste power and wealth,  it is hard to let them go.
So, whoever rules whether it is Red or Blue the only color which always win is Green($).

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Post by silvermani Sat Apr 29, 2017 1:49 pm

FluteHolder wrote:
Shyam Sundar wrote:Ethics My foot!

Idealism does not last beyond the age of thirty.

Once you taste power and wealth,  it is hard to let them go.
So, whoever rules whether it is Red or Blue the only color which always win is Green($).
Well said! They are all crooks - some look ugly, some look good that's all.
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Post by SomeProfile Sun Apr 30, 2017 11:47 pm

Sad

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