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Obama's $400K speech: Wall Street - Trump's weekly $3M Mar-a-Lago vacay: Taxpayers (Original Post)
L. Coyote
Apr 2017
OP
so Cha, I appreciate that Cantor Fitzgerald has done the right thing when it comes to
JCanete
Apr 2017
#9
Grassy Knoll
(10,118 posts)1. Now Here's Some Facts Fox "News" Won't Tell Ya...
...
KT2000
(20,591 posts)2. Exactly!
But how much of the taxpayer money goes to the tRump organization for room rentals, golf cart rental, meals etc. We need to see the travel vouchers for tRump, his famil, the Secret Service etc. Does the SS stay at Mar-a-lago? They are already paying tRump for facilities at his wif's condo in New York.
Cha
(297,799 posts)3. Plus.. pesky fact... Cantor-Fitzgerald..
Why Obama SHOULD Make That Speech - And Take The Paycheck For It Too
snip//
Cantor Fitzgerald survived both losing the largest single number of employees (658) of any company with offices in the World Trade Center on 9/11 and they also survived the financial crisis because they were NOT engaging in the same reckless behavior as the other financial firms (like Lehman, AIG, et al).
Moreover, Cantor Fitzgerald has done a great deal of philanthropic work in honor of their lost employees. Along with keeping a promise to use 25% of ALL profits they earned for the next 5 years to provide money to each of the original 658 families, they also promised to cover the health insurance costs for those families for 10 years. On top of this, they have continued the legacy of those lost employees, by making charitable donations to help the victims of Hurricane Sandy and of a huge tornado, as well as other acts of kindness.
So Obama, now a PRIVATE CITIZEN, is giving a speech to a firm that survived a horrible tragedy that has impacted life in America in uncountable ways ever since, and who turned their pain into positive action by not only taking care of their own, but helping others as well. They have also recovered as a company, avoided the worst behaviors that led to the 2008 financial crisis (actually profiting in a year when so many larger investment firms folded and hiring when thousands were being laid off), and continue to invest in smart ways (one current project involves connecting people with their own local mom & pop shops).
Basically, Obama is being paid to give a speech to the ONE company on Wall Street that no one should be criticizing. Oh, and by the way hes giving this speech at their annual healthcare conference a subject that Obama cares deeply about and will forever be associated with since his signature healthcare legislation has been dubbed Obamacare. Its also an issue that Cantor Fitzgerald championed even while still reeling from the losses they suffered on 9/11, by promising to cover the health care of the families of their lost employees for 10 years!!
More..
http://www.dailykos.com/story/2017/4/28/1657222/-Why-Obama-SHOULD-Make-That-Speech-And-Take-The-Paycheck-For-It-Too
Mahalo for this, Coyote
snip//
Cantor Fitzgerald survived both losing the largest single number of employees (658) of any company with offices in the World Trade Center on 9/11 and they also survived the financial crisis because they were NOT engaging in the same reckless behavior as the other financial firms (like Lehman, AIG, et al).
Moreover, Cantor Fitzgerald has done a great deal of philanthropic work in honor of their lost employees. Along with keeping a promise to use 25% of ALL profits they earned for the next 5 years to provide money to each of the original 658 families, they also promised to cover the health insurance costs for those families for 10 years. On top of this, they have continued the legacy of those lost employees, by making charitable donations to help the victims of Hurricane Sandy and of a huge tornado, as well as other acts of kindness.
So Obama, now a PRIVATE CITIZEN, is giving a speech to a firm that survived a horrible tragedy that has impacted life in America in uncountable ways ever since, and who turned their pain into positive action by not only taking care of their own, but helping others as well. They have also recovered as a company, avoided the worst behaviors that led to the 2008 financial crisis (actually profiting in a year when so many larger investment firms folded and hiring when thousands were being laid off), and continue to invest in smart ways (one current project involves connecting people with their own local mom & pop shops).
Basically, Obama is being paid to give a speech to the ONE company on Wall Street that no one should be criticizing. Oh, and by the way hes giving this speech at their annual healthcare conference a subject that Obama cares deeply about and will forever be associated with since his signature healthcare legislation has been dubbed Obamacare. Its also an issue that Cantor Fitzgerald championed even while still reeling from the losses they suffered on 9/11, by promising to cover the health care of the families of their lost employees for 10 years!!
More..
http://www.dailykos.com/story/2017/4/28/1657222/-Why-Obama-SHOULD-Make-That-Speech-And-Take-The-Paycheck-For-It-Too
Link to tweet
Link to tweet
Mahalo for this, Coyote
JCanete
(5,272 posts)9. so Cha, I appreciate that Cantor Fitzgerald has done the right thing when it comes to
911 victims. That is commendable. It is not the company's entire portfolio. It is some damn fine pr that cost the company a pretty penny, but it seems to be the only thing that I see being talked about regarding it.
It is still an investment banking firm. I know nothing about it and how it actually works or whether or not it is part of the root of all evil or whatever, but unless you have more to say about the company's business practices, etc. no, this is not enough to go the extra mile and assume corporate benevolence. It is not enough to say "but they are the good guys."
It is a laudable story of decency. I'll give it that.
But really who cares. My own point at least, has never been that Obama is corrupt or that Cantor Fitzgerald is evil. my point has always been that this does our own messaging no service and that it makes it harder for us to slam republicans as the party on the take, because of appearance...because of offering up an opportunity for people to construct an entirely plausible bribery/quid-pro-quo narrative about a person with a D behind his name. I want to tar and feather republicans for being in the pockets of big-money, so no, this kind of thing does not help.
gratuitous
(82,849 posts)4. Precisement
Who do you trust to spend $400,000? Cantor Fitzgerald or Barack Obama? I know who I trust.
JCanete
(5,272 posts)5. Which makes criticism coming from the right ridiculous, not criticism coming from the left. Its not
like liberals and dems don't have a problem with what Trump is doing.
melman
(7,681 posts)6. Right
and obviously Wall Street never cost taxpayers any money.
lamp_shade
(14,846 posts)7. K&R
Squinch
(51,044 posts)8. THANK YOU!
Tommy_Carcetti
(43,219 posts)10. Also: Obama--no longer the President
Seriously how is Wall Street going to influence someone who's no longer in any sort of public office and probably won't be for the rest of his life?