Published: Thu, April 27, 2017
National | By Miranda Cannon

Barack Obama slammed for $575k Wall Street speech 'hypocrisy'

Barack Obama slammed for $575k Wall Street speech 'hypocrisy'

Fox Business reports that Barack Obama will speak at a Wall Street conference organized by Cantor Fitzgerald LP. Presidential campaign rivals Bernie Sanders and Donald Trump both repeatedly cited the speeches to criticize her ties to Wall Street.

The 44th president has accepted an offer to speak at a healthcare conference hosted by Cantor Fitzgerald in September, US media report.

In addition to a variety of speaking events, Obama is also working on a memoir, traveling, and working with organizations and universities on issues of civic engagement.

Former President Obama returned to the public spotlight for the first time since leaving the White House.

"There's a reason why I am always optimistic, even when things look like they are sometimes not going the way I want", Obama said at the conference about youth participation.

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Hank Sheinkopf, a Democratic political consultant, tells Fox News that there's plenty of irony with Obama giving a speech on Wall Street despite the fact so many former presidents do it.

However, he has come under criticism because during his Presidency, he spoke out strongly against such paid speeches at Wall Street events.

The former president has lost no time cashing in and making his climb up the financial ladder, graduating from the ranks of the very wealthy to even more rarefied heights. The all-time leader, though, is Bill Clinton.

That hefty payout, which is roughly seven times the median household income in the USA, puts Obama in the same league as Bill Clinton on the lucrative presidential speaking circuit. George W. Bush has given more than 200 speeches since 2009 and is paid $100,000 to $175,000 each, according to Politico.

Former Federal Reserve chairman, Ben Bernanke, raked in between $200,000 and $400,000 per speaking engagement, according to The New York Times, for worldwide audiences which included "a Middle Eastern bank, private equity firms and trade associations".

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