Wealth manager Ken Fisher hates annuities, at least that’s what I keep hearing him say on those TV commercials. Me? I truly hate hypocrisy. I especially despise hypocrisy so blatant that the guilty person must deem us ignorant…or they just don’t care that we see it. So we have the latest from the Lord of the Snowflakes, B. Hussein Obama…
As reported by Bloomberg, “Hillary Clinton says she made a mistake when she gave speeches on Wall Street after leaving government. Taking money from banks, she writes in her new memoir, created the impression she was in their pocket. Her old boss doesn’t seem to share her concern.
Last month, just before her book “What Happened” was published, Barack Obama spoke in New York to clients of Northern Trust Corp. for about $400,000, a person familiar with his appearance said. Last week, he reminisced about the White House for Carlyle Group LP, one of the world’s biggest private equity firms, according to two people who were there. Next week, he’ll give a keynote speech at investment bank Cantor Fitzgerald LP’s health-care conference.
Obama is coming to Wall Street less than a year after leaving the White House, following a path that’s well-trod and well paid. While he can’t run for president, he continues to be an influential voice in a party torn between celebrating and vilifying corporate power. His new work with banks might suggest which side of the debate he’ll be on and disappoint anyone expecting him to avoid a trap that snared Clinton. Or, as some of his executive friends see it, he’s just a private citizen giving a few paid speeches to other successful people while writing his next book.
“He was the president of the entire United States — financial services are under that umbrella,” said former UBS Group AG executive Robert Wolf, an early supporter who joined the Obama Foundation board this year. “He doesn’t look at Wall Street like, ‘Oh, these are individuals who don’t want the best for the country.’ He doesn’t stereotype.”
Since leaving office, Obama has delivered public and private speeches that are “true to his values,” Kevin Lewis, a spokesman for the former president, said in an email. “His paid speeches in part have allowed President Obama to contribute $2 million to Chicago programs offering job training and employment opportunities to low-income youth.”
I got a serious laugh outta this line, “Obama doesn’t stereotype.” I mean you have gotta be kidding me! And here is another doozy of a line: “Obama has delivered public and private speeches that are true to his values.” And what exactly are those values? You mean the ones that prompted him to say “if you own a business you didn’t build that?” And who cares about him giving $2 million to Chicago programs for job training and employment opportunities; there are none to be had due to a lack of capital investment. Why doesn’t ol Barry Soetoro create a Charter School in the low-income areas of Chicago, and allow any kid with high academic standards to go there tuition free? Ahh, I forgot, one of his values was to cancel the DC school voucher program for deserving minority – i.e. black — kids in what is one of the worst school systems in America.
You see, that word “values” is a moving target for the progressive socialists of the left. It’s defined as whatever they wish, especially as long as it aligns with their ideological agenda. So, part of the leftist values is that they can go to Wall Street and give speeches on their “values” and be paid lucratively for it. However, their “values” preclude them from understanding a small business owner needs tax relief in order to grow their business and hire Americans.
This little episode reminds of that saying, which perfectly fits the hypocrisy of the liberal progressive socialists…”do as a I say, not as I do.” And Hillary Clinton isn’t “sorry” for giving those speeches on Wall Street, or taking their campaign contributions, or selling favors to foreign nations for the benefit of her and her husband. Leftists are NEVER sorry for their hypocrisy. And here’s another bit of irony and hypocrisy.
The American taxpayers lived through one of the worst economic growth periods, the Obama years. Barack Obama was the first president to never achieve a 3 percent GDP growth standard. Obama put more Americans on poverty rolls and on food stamps than any other. Now he’s out peddling his “values” to the tune of $400,000 a pop, while the same American taxpayers are paying him a $207,800 pension. Imagine this, the same fella who came into the White House with a national debt of $10.87 trillion and left with a national debt of $19.5 trillion. Basically, Obama, in just his eight years, nearly doubled the entire accrued national debt of the United States. Hmm, are those the kind of “values” that Obama is getting $400,000 to address, and reflect upon?
America started the presidential pension program in 1958 when there were two living presidents: Hoover and Truman. The program was started based on Truman’s departure from the White House, driving himself back to Missouri where he scraped together a living. When you consider the challenges that Truman faced and what he accomplished, no one should question his receiving a pension. President Eisenhower was the first to go right into the program.
So, here’s my rub. After decimating our economy, how many of you truly believe, and be honest, that Barack Obama earned a presidential pension? I don’t believe it should be completely taken away, but there should be an assessment of the amount of pension provided. When President Truman stepped down he was not a financially well-endowed man. So, shouldn’t we now provide a pension based on financial standing, in other words “means testing?” If Barack Obama wants to go around peddling his “values” to the tune of $400,000 a pop, I do not begrudge him. But why should the American taxpayers, for whom he showed utter disdain, be on the hook to pay him an annual pension of nearly $210,000?
As a matter of fact, perhaps it’s time we go back and reevaluate those Congressional pensions that only require five years to earn. Maybe, just maybe, these massive pensions should be merit-based, ya know, like doing a minimum of twenty years of active duty service. Just think about it, Barack Obama and Lois Lerner are both receiving six-figure, taxpayer-funded pensions. Perhaps Lois Lerner will also write a book and go on speaking tours being “true to her values”…
[Learn more about Allen West’s vision for this nation in his book Guardian of the Republic: An American Ronin’s Journey to Faith, Family and Freedom]