The Reasons Why Obama’s Wall Street Speech Is Not Surprising

The guy appointed how many Wall Street Fat Cats to his administration?

When I first read Obama was accepting a $400k speaking fee for something to do with Wall Street, I laughed. You would have thought he wouldn’t do that with the 2018 election for the democrats in question but to each their own, I guess. We saw people like Bernie Sanders and Elizabeth Warren come out and shake their head at him in disagreement. Your party either stands for the little guy or it doesn’t. As these videos will show, I think we can draw our own conclusions.

Some context: Obama campaigned against Wall Street “fat cats” in 2008 and continued that rhetoric for his entire presidency. He even signed massive Wall Street reforms in the form of the Dodd-Frank Wall Street Reform and Consumer Protection Act. I have my own gripes about Dodd-Frank in that it really didn’t solve any of the issues we had at the time with the banking industry. Below is a link to the summary — there is no TLDR.

This video was during the 2008 campaign.

Sounds amazing, Barry!

Then, here is Barry again complaining about Wall Street giving themselves almost $20 billion in bonuses.

Then here he is on 60 Minutes talking about how those on Wall Street need to spend more time outside their comfort zone.

Then this one is the kicker. A short clip from the Inside Job.

The scary part about this is Obama, who basically ran on notion that Wall Street is a bunch of bad people who will screw over the little guy at a moments notice, hires a boat load of people from Wall Street.

That video is why I am not surprised at all by Obama’s decision to take as much money as he can. He doesn’t care. I would say he is hypocritical but at the end of the day, is he really? By appointing so many Wall Street executives to his administration, should any of us be surprised?