HYPOCRITE: Obama Slams Big Bank 'Fat Cats' — Then Collects $1.2 Million From Wall Street Speeches

HYPOCRITE: Obama Slams Big Bank 'Fat Cats' — Then Collects $1.2 Million From Wall Street Speeches

"Do as we say, not as we do." If ever there was a phrase that summarizes the leftist demands of the world, that would be it.

Bernie Sanders chides Americans for income inequality while enjoying a $1 million nest egg, courtesy of U.S. taxpayers.

Al Gore lectures audiences on preserving the environment while zipping around in gas-guzzling private jetsyachts and convoys of SUVs.

Leland Yee called for draconian gun control laws while illegally trafficking automatic weapons and rocket launchers from Islamic terror groups.

The phrase "hypocritical leftist" seems almost redundant at this point.

In 2009, then-President Barack Obama famously blasted bankers on Wall Street in an interview for '60 Minutes.' In his words:

“I did not run for office to be helping out a bunch of fat cat bankers on Wall Street.

The only ones that are gonna be paying out these fat bonuses are the ones that have now paid back that [Troubled Asset Relief Program] money...

The people on Wall Street still don’t get it. They don’t get it.

They’re still puzzled — why is that people are mad at the banks? Well let’s see: you guys are drawing down $10 million, $20 million dollar bonuses ... and you guys caused the problem...

Why do you think people might be a little frustrated?”
— Barack Obama

Flash forward eight years later and the former president now has no problem making the same kind of money he once derided Wall Street for.

From 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.”

Ever loyal (so long as he can get paid for it), Wolf faithfully defends Obama as the former president cashes in. Just one problem:

If calling bankers 'fat cats' isn't stereotyping, then what is?

For some reason, moral and intellectual consistencies are completely malleable concepts to the left. If you're in office, all profiteering is bad — but setting yourself up to profit handsomely after you leave isn't.

If earning "$10 million, $20 million bonuses" in the private banking sector is the reason for Americans' struggling, we shudder to think what Obama's $65 million book deal is doing to the country.

Both Bernie Sanders and Donald Trump blasted Clinton for her lucrative Goldman Sachs speeches, and the issue is still raw. Sanders and fellow Senator Elizabeth Warren have tried to pry the Democratic Party away from its coziness with Wall Street. If Obama is hoping the party will be a big tent with room for corporate giants, they may stand in his way.

Obama’s donor friends tend to mention the same reason when they defend his Wall Street speeches, saying he’s no longer president and not running for office. Morgan Stanley Vice Chairman Tom Nides is one of them.

“I love Barack Obama, and if someone is willing to pay him to give a speech, God bless America,” said Nides, a deputy secretary of state under Clinton in Obama’s administration.

What if someone were willing to pay bankers millions to do their jobs? Would Vice Chairman Nides hold the same attitude then? Would it still be 'God bless America' all around? No. Of course not. Until you become useful to the left, you are the enemy. There is no exception to this rule.

As Barack Obama laughs all the way to the bank, Americans will continue to be crushed under the $6.5 trillion he added to the national debt during his time in office.

Stay alert. Stay alive.

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