B. J. Gray
SWOTI is a podcast about politics, relationships, and pop culture from two POC besties.
The Internet is divided over the prudence of President Obama’s plan to take a $400k speaking fee from Wall Street firm Cantor Fitzgerald in exchange for a speech on health care later this year. One camp sees the criticism as holding the first black president to an unfair standard. Another is concerned that taking money from Wall Street undermines the president’s ability to advocate for the people against corporate interests. In light of the accusations of corporate cronyism that dogged Hillary Clinton throughout her campaign, Obama’s failure to prosecute Wall Street executives post-recession, and the fact that the Obamas are already flush from their $65 million book deal, we at SWOTI (Someone’s Wrong on the Internet) Podcast felt it was a confusing move. Joe and Brie unpack the issues: are criticisms of Obama a racist double standard? Or is the fear of corporate influence legitimately held?
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I feel it’s an unreasonable criticism. Heck, if he continues to charge Wall Street Executives large speaking fees, and then turns around and gives large donations to charities that assist less advantaged individuals and poorly served areas, as he ALSO did recently, then I say squeeze all the money out of these people he can and keep using their money to help others that need it much more. As I see it, he’s in his own small way reversing the redistribution of wealth in the other direction that the GOP is working so hard on.