Spokesman defends anticipated Obama speaking fee

Spokesman defends anticipated Obama speaking fee
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A spokesperson for Barack ObamaBarack Hussein ObamaWe must eliminate nuclear weapons, but a 'No First Use' Policy is not the answer Building back a better vice presidency Jill Biden unveils traditional White House holiday décor MORE is defending the speaking fee the former president will reportedly receive from a Wall Street company later this year.

In a statement, spokesman Eric Schultz dismissed the mounting criticism of the planned speech at a healthcare conference run by Cantor Fitzgerald, noting that Obama instituted Wall Street reforms during his tenure.

“He recently accepted an invitation to speak at a health care conference in September, because, as a President who successfully passed health insurance reform, it’s an issue of great important to him,” Schultz said in a statement, according to a Huffington Post reporter.


“With regard to this or any speech involving Wall Street sponsors, I’d just point out that in 2008, Barack Obama raised more money from Wall Street than any candidate in history --- and still went on to successfully pass and implement the toughest reforms on Wall Street since [President Franklin D. Roosevelt].”

A Monday report said Obama would make $400,000 for the speech he plans to give in September at a healthcare conference run by Cantor Fitzgerald.

The former president will reportedly be the keynote speaker for one day of the conference.

On Monday, Obama made his first public appearance since leaving office in January.