Funds we pay retired presidents is probably a little more than you are getting from your lifetime of work. The funds include a nice pension and money to pay for staff, travel, an office, postage and supplies and Secret Service protection for themselves and their spouse.
Clinton did much better than that by giving speeches, a lot to the Wall Street crowd. In just his first two months out of office he made almost $1.5 million. Some of his speeches brought in as much as $500,000. Then, there are the book royalties.
Now we learn that Obama is walking down the same path. He's made about $400,000 for each speech to Northern Trust Corp., Cantor Fitzgerald and Carlyle Group LP. And he and Michelle will receive upwards of $65 million from Penguin Random House to publish their respective memoirs.
Do you think any of their predecessors made anywhere near that money?
No comments:
Post a Comment