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Flashback: Obama said THIS about Wall Street just three short months ago, now look …

April 30, 2017 | | Print Article

Boy, that sure didn’t take long.

During a December 2009 “60 Minutes” interview, then-President Barack Obama vowed to CBS News host Steve Kroft that he didn’t “run for office to be helping out a bunch of fat-cat bankers on Wall Street.”

Of course, a lot can happen in seven years, including the left roundly criticized him last week for accepting $400,000 to give a one-hour speech at the Wall Street investment firm Cantor Fitzgerald in September.

But it turns out Obama’s change in attitude didn’t slowly evolve over a seven-year period — it was an abrupt about-face that only took three short months.

In another “60 Minutes” interview with Kroft just prior to leaving office, Obama reiterated what he’d told him seven years earlier.

The CBS News host asked Obama if he was “going to go to Wall Street [and] make a lot of money.”

“I am not going to Wall Street,” the former president replied. “The amount of time that I’ll be investing in issues is going to be high. But it’ll be necessarily in a different capacity.”

The left was shocked and disappointed last week when the former president’s $400,000 Wall Street speech was announced.

Former presidential hopeful Sen. Bernie Sanders thought the optics of the speech looked bad.

“I think at a time when people are so frustrated with the power of Wall Street and the big-money interests, I think it is unfortunate that President Obama is doing this,” the Vermont Independent said. “Wall Street has incredible power, and I would have hoped that the president would not have given a speech like this.”

HBO’s “Real Time” host Bill Maher observed that Obama was doing what failed Democratic presidential nominee Hillary Clinton was criticized for.

“But wait a second,” Maher said. “The current president is trying to undo all of [Obama’s] Wall Street regulations, and then he goes to Wall Street and takes [money]. Isn’t that what sort of cost Hillary the election? Are those ‘horrible’ speeches she made to Wall Street and she couldn’t release the transcripts of it?”

On the same program, venture capitalist Nick Hanauer said, “I wish he’d spent a month building houses for poor people with Jimmy Carter first.”

When darling of the left Sen. Elizabeth Warren was asked about Obama’s huge payday, she said she was “troubled by that,” just before the Massachusetts Democrat made a capitalist-induced pitch for her latest book.

Conservatives who’d put up with Obama’s presidency for eight years weren’t especially surprised, though.

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Michael Dorstewitz
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