Why Liberals Are So Worked Up About Barack Obama Giving a Paid Speech to Wall Street – The American Prospect
AP Photo/Charles Rex Arbogast
Former President Barack Obama hosts a conversation on civic engagement and community organizing, Monday, April 24, 2017, at the University of Chicago.
In a decision that launched a thousand Hot Takes, former President Barack Obama has accepted a $400,000 fee to give a speech at a health-care conference sponsored by the Wall Street firm Cantor Fitzgerald. Given the intensity of the reaction from liberals (sample headline: "Obama's $400,000 Wall Street speaking fee will undermine everything he believes in"), you'd almost think Obama had begun lobbying for the repeal of Dodd-Frank, or maybe gone on a seal-clubbing expedition. While he had some defenders, the dominant sentiment from his supporters seemed to be either disappointment or anger.
I'm not going to make an argument for why Obama should or shouldn't give paid speeches, and to whom (though I will say that by today's standards, $400,000 is pretty modestit'll cost you a lot more to get Kim Kardashian to make an appearance at your nightclub). What's more interesting is the reaction, and what it says about the place Obama will occupy in the liberal imagination from this point on.
To understand why so many liberals would care so muchas opposed to just saying that Obama can take Wall Street's money if they're offering it, since as a former president it's not like he can be corrupted at this pointyou have to go all the way back to 2008. Or more precisely, you have to understand what made Obama's 2008 candidacy so extraordinary, and so different from those that came before it. Even as we lived through eight complex, exciting, maddening, exhilarating, disappointing years, liberals' views of what Barack Obama represented will always be shaped by how he made them feel back then.
For nearly half a century after John F. Kennedy got elected, Democrats endured one underwhelming presidential nominee after another. Most of them were politicians with long records of public service, but not the kind of guys you'd name your baby after or see in a framed picture on the wall in your grandmother's house. They were often admirable, but almost never inspiringthe prevailing sentiment upon the nomination of candidates like Michael Dukakis, Al Gore, or John Kerry was, "This guy? OK, I guess."
And the two Democrats who became president since the 1960s produced profound ambivalence: Jimmy Carter was personally admirable but a professional failure, while Bill Clinton was the reverse.
Then came 2008. In contrast to the dull candidates Democrats had so often resigned themselves to, Barack Obama was someone they would literally write songs about. Not only was he an extraordinary political talent, he was the living embodiment of liberal values. He was smart, thoughtful, eloquent, cosmopolitan, urban and urbane. In both his rhetoric and the way he built his campaign with brand-new social media tools, he told them a story of their own empowerment, that instead of watching history on TV they could make it with their hands and their will.
To liberals who had largely internalized the right's long insistence that this is a conservative country and if you live in a city or believe that knowing things is worthwhile then you aren't a "real" American, it was absolutely intoxicating.
Even though Obama's years in the White House were full of compromises and setbacks, that emotional connection lived on. If you're a liberal, he might have made decisions you disagreed with, but he was still the kind of guy you wanted to be: the one who displayed equanimity in the face of vicious personal attacks, who had a seemingly perfect family, who could bring Stevie Wonder and Prince to the White House for a secret concert or talk literature with Marilynne Robinson, who never lost his cool or stopped being cool.
And unlike every two-term president in recent history, he finished out his tenure without any significant scandals, and not even the whiff of inappropriate conduct of any sort by the man himself. That powerful feeling of 2008 may not have been sustained, but it was never betrayed.
And then came 2016 and Donald Trump, which both highlighted Obama's virtues and made liberals question what he had made them believe eight years earlier.
In 2008, liberals told themselves that everything was going to be all right. Their values and the change they wanted to see would triumph. The country was moving in their directionbecoming more inclusive, more tolerant, more progressive in a hundred ways. Despite the powerful resistance of the Republicans and their voters, they'd win in the end.
If that's what you believed, the 2016 election was a punch to the gut. The countryor at least an electoral college majoritysaid in a guttural growl, "No." It put on its "Trump That Bitch" t-shirt and said, "We want that guy. The charlatan, the con man, the phony, the clown, the ignoramus, the petulant, vindictive man-child, the bigot who cozies up to white supremacists, the xenophobe who scapegoats immigrants and wants to build walls, the guy who's on tape bragging about sexually assaulting women. That's the guy we want." This country, the election result said to liberals, is not what you thought it was. It's not moving in your direction. You were fooling yourself.
And then we watched as Barack Obama, who had comported himself with such dignity and grace, handed the keys to the Oval Office to Donald frigging Trump.
In that history and that remarkable contrast lies the key to understanding liberals' current displeasure with Obama. If Hillary Clinton was now president, I doubt we'd be seeing a tenth of the concern about him giving speeches for money as there is now. But in a moment where everything in our politics is being sullied by the current president, we want Obama to be pure. We want him not just to do what's perfectly defensible, but to exist on some higher plane of virtue. Perhaps, in some irrational little corner of our minds, we want him to come back and save us. But of course, he can't.
I say this all not to defend Obama's decision to take some easy money. Had he asked my opinion, I'd have said he might want to take a passbut I'd have also said that it doesn't matter much either way. What does matter is what he did with his time as president. That's a complex story, full of both successes and shortcomings. But liberals' view of him, and what he does with the rest of his life, will always be colored by the way he made them feel.
Continued here:
Why Liberals Are So Worked Up About Barack Obama Giving a Paid Speech to Wall Street - The American Prospect
- Australia's embattled Liberals tap former PM Abbott as party president, reinforcing rightward shift - Reuters - May 29th, 2026 [May 29th, 2026]
- Liberals Who Get Mistaken For MAGA Are Getting Hilarious Reactions About Their Appearances - BuzzFeed - May 29th, 2026 [May 29th, 2026]
- Why Seattle liberals have made peace with tent cities and open drug use - Seattle Red - May 29th, 2026 [May 29th, 2026]
- Liberals to amend police data interception bill following searing criticism - CBC - May 29th, 2026 [May 29th, 2026]
- Carneys climate policy is splitting the Left. Heres what it means for the Liberals, Conservatives, and the NDP - The Hub | More Signal. Less Noise. - May 29th, 2026 [May 29th, 2026]
- Weekly Writ 5/28: Can the Liberals hold Guilbeault's seat? - The Writ - May 29th, 2026 [May 29th, 2026]
- Tech companies voice opposition to Liberals proposed Bill C-22 - Global News - May 29th, 2026 [May 29th, 2026]
- Liberals and Greens give Labor two paths to success, and it uses either when it wants to - thepoint.com.au - May 29th, 2026 [May 29th, 2026]
- Time to move past Trump's tariffs and focus on boosting growth, Chamber of Commerce tells Liberals - National Post - May 29th, 2026 [May 29th, 2026]
- The Really Big Show: Liberals will face a reckoning when the truth wins out - KamloopsBCNow - May 29th, 2026 [May 29th, 2026]
- Liberals say they can't 'reject' rules tripling streamers' contributions - Q107 Toronto - May 29th, 2026 [May 29th, 2026]
- LILLEY: Refugee health program abuse is costing you, but Liberals ignore it - Toronto Sun - May 27th, 2026 [May 27th, 2026]
- Rantz: Liberals, can you please stop trying to murder conservatives? - Seattle Red - May 27th, 2026 [May 27th, 2026]
- Tech companies voice opposition to Liberals' proposed Bill C-22 - Yahoo News Canada - May 27th, 2026 [May 27th, 2026]
- China doesn't even have to pressure Canada to keep Liberals in line: Joe Varner in the National Post - The Macdonald-Laurier Institute - May 27th, 2026 [May 27th, 2026]
- Conservative MP Pushes Liberals On India Political Interference Gap - thedeepdive.ca - May 27th, 2026 [May 27th, 2026]
- Liberals couldnt have hoped for a better budget. But is it too late? - AFR - May 27th, 2026 [May 27th, 2026]
- Wind industry warns of capital flight if Liberals press pause on transmission projects - Renew Economy - May 27th, 2026 [May 27th, 2026]
- Australia has a problem with migration. The Liberals policy approach will do nothing to fix it - The Conversation - May 25th, 2026 [May 25th, 2026]
- With just four weeks left in the sitting, Liberals aim to accelerate vote on latest budget bill - iPolitics - May 25th, 2026 [May 25th, 2026]
- Why Kavanaugh and Barrett Joined With the Liberals in a 54 Death Penalty Case - Slate - May 25th, 2026 [May 25th, 2026]
- Detroit Free Press. . Under mounting pressure, the Democratic National Committee released a much-anticipated autopsy explaining the 2024 presidential... - May 25th, 2026 [May 25th, 2026]
- Liberals, PCs at odds over raising thresholds for P.E.I.'s Down Payment Assistance Program - CBC - May 25th, 2026 [May 25th, 2026]
- Teals In Talks To Form New Political Party 'Like The Liberals But Not Fucked In The Head From Sky News' - The Betoota Advocate - May 25th, 2026 [May 25th, 2026]
- 'Don't split the vote': Barnaby Joyce mocks Liberals over new poll - 9News - May 25th, 2026 [May 25th, 2026]
- Change or die: Inside Angus Taylors high-wire act to save the Liberals - SMH.com.au - May 25th, 2026 [May 25th, 2026]
- In NJ's most crowded Democratic primary, liberals fight to own the progressive vote - Gothamist - May 22nd, 2026 [May 22nd, 2026]
- GMR Today: Outhawking the hawk: liberals pivot right on China - Communist Party USA - May 22nd, 2026 [May 22nd, 2026]
- PC MHA says he mistakenly shared post that calls for Liberals to get a 'shit knocking' - CBC - May 22nd, 2026 [May 22nd, 2026]
- Risk and reward for Holt Liberals as they reopen bilingualism debate in N.B. - CBC - May 22nd, 2026 [May 22nd, 2026]
- Ontario: PCs and Liberals Tied; Cost of Living Dominates Vote - Liaison Strategies - May 22nd, 2026 [May 22nd, 2026]
- Dan Albas: What do you think of the Liberals' Snowbirds announcement? - PentictonNow - May 22nd, 2026 [May 22nd, 2026]
- Poilievre to launch next phase in bid to pressure Liberals to put private property first - iPolitics - May 22nd, 2026 [May 22nd, 2026]
- Angus Taylor spruiks gas extraction as SA Liberals oppose fracking bid - Australian Broadcasting Corporation - May 22nd, 2026 [May 22nd, 2026]
- Liberals open to a third term for Metsola at helm of EU Parliament - politico.eu - May 20th, 2026 [May 20th, 2026]
- Liberals spent a century building the federal government. Now Trump is using it against them. - Inquirer.com - May 20th, 2026 [May 20th, 2026]
- Liberals hit highest point in the seat projection - The Writ - May 20th, 2026 [May 20th, 2026]
- Liberals are playing legal hardball with First Nations over drinking water - - Investigative Journalism Bureau - May 20th, 2026 [May 20th, 2026]
- Returning to the centre may be the only way the walking dead Liberals can rise again - The Guardian - May 20th, 2026 [May 20th, 2026]
- 7 Things: Busloads of liberals come to Alabama and accomplish nothing, aldotcom's election interference continues, and more... - Yellowhammer News - May 20th, 2026 [May 20th, 2026]
- The black box that is the Liberals fiscal plan - The Globe and Mail - May 20th, 2026 [May 20th, 2026]
- Michelle Obama warns liberals against pigeonholing Trump voters, says they didn't know what else to do - AOL.com - May 20th, 2026 [May 20th, 2026]
- Its their choice: Angus Taylor brushes off defection of two ex-Liberals to One Nation - Capital Brief - May 20th, 2026 [May 20th, 2026]
- Group of Ontario Liberals want to align membership rules with federal Party changes - QP Briefing - May 20th, 2026 [May 20th, 2026]
- How credible is the Liberals economic strategy? - Pearls and Irritations - May 20th, 2026 [May 20th, 2026]
- Ontario Liberals should ask hard questions about a riding nomination, not wave them away - Canada's National Observer - May 20th, 2026 [May 20th, 2026]
- Hollywood director rips White liberals as 'smug and captured,' says there is 'no group worse' - Fox News - May 16th, 2026 [May 16th, 2026]
- Face it, Jewish liberals: You have no friends on the left - New York Post - May 16th, 2026 [May 16th, 2026]
- Adam McKay Slams White Liberals, Democratic Party: They Are the Worst - The Hollywood Reporter - May 16th, 2026 [May 16th, 2026]
- Adam McKay Slams Democratic Party, White Moneyed Liberals as The Worst | Video - TheWrap - May 16th, 2026 [May 16th, 2026]
- On the Liberals' Undemocratic Supermajority in Committees - Sherwood Park News - May 16th, 2026 [May 16th, 2026]
- Martin Regg Cohn: Ontarios Liberals have been stuck in Loserville. Heres someone who might lead them out - Toronto Star - May 16th, 2026 [May 16th, 2026]
- Liberals accused of 'letting the cat out of the bag' during interview on $22.5 billion tax cut plan - Yahoo Lifestyle Australia - May 16th, 2026 [May 16th, 2026]
- Simpler tickets, stronger rights: Liberals and Democrats ahead of the European Passenger Mobility Package - EU Reporter - May 16th, 2026 [May 16th, 2026]
- Push to overturn SA fracking ban to be blocked by One Nation, Liberals - Australian Broadcasting Corporation - May 16th, 2026 [May 16th, 2026]
- The Ontario Liberals arbitration hearing on Scarborough Southwest is set to May 20: A document is pushing back on Erskine-Smith allegations - QP... - May 16th, 2026 [May 16th, 2026]
- Hollywood Director Says He Has No Regrets After Ditching the Democrats: White Liberals Are The Worst - Mediaite - May 13th, 2026 [May 13th, 2026]
- View from The Hill: Post-Farrer, Liberals will struggle with awkward questions about their relations with One Nation - The Conversation - May 13th, 2026 [May 13th, 2026]
- ANALYSIS: Why Lee Fairclough thinks she can pull the Liberals back into the premiers office - TVO - May 13th, 2026 [May 13th, 2026]
- Liberals hit polling high, but the summer of quiet discontent is approaching - The Hill Times - May 13th, 2026 [May 13th, 2026]
- Opposition MPs critical of Liberals' shakeup of House committees: they stacked them on steroids, says Conservative MP Brassard - The Hill Times - May 13th, 2026 [May 13th, 2026]
- Liberals and Nationals launch comprehensive 10-year economic plan (Media Release & Speech) - Liberal Party of Australia - May 13th, 2026 [May 13th, 2026]
- Why the fight against antisemitism is one all liberals must join - The Scotsman - May 13th, 2026 [May 13th, 2026]
- Is Becky Druhan set to join the N.S. Liberals? - Halifax Examiner - May 13th, 2026 [May 13th, 2026]
- Liberals say never ever to coalition with One Nation after Farrer loss - SBS Australia - May 13th, 2026 [May 13th, 2026]
- Data Centers: The Issue Uniting Liberals and Conservatives - The New York Times - May 1st, 2026 [May 1st, 2026]
- Liberals, Conservatives haggle over a deficit that is both smaller and larger - CBC - May 1st, 2026 [May 1st, 2026]
- Liberals are pitching a brand new police agency for financial crimes. How would that work? - CBC - May 1st, 2026 [May 1st, 2026]
- Liberals on better-than-expected ground, plan to spend billions on skilled trades in economic update - CBC - May 1st, 2026 [May 1st, 2026]
- Ontario Conservative MP says Liberals tried and failed to get her to switch sides - CBC - May 1st, 2026 [May 1st, 2026]
- Sky News Australia. . Victorian Opposition Leader Jess Wilson says the Victorian Liberals will help deliver services to the residents of the Nepean... - May 1st, 2026 [May 1st, 2026]
- Conservatives accuses Liberals of blocking scrutiny into $300M program - Western Standard - May 1st, 2026 [May 1st, 2026]
- Liberals eye capital from airports, other assets to grow sovereign wealth fund - The Globe and Mail - May 1st, 2026 [May 1st, 2026]
- Liberals promising improved bottom line in today's spring economic update - CBC - May 1st, 2026 [May 1st, 2026]
- Letters to the editor: The Liberals think its a good idea to borrow yet another $25-billion. Letters to the editor for April 29 - The Globe and Mail - May 1st, 2026 [May 1st, 2026]
- Another MP leaving the Liberals as former minister Wilkinson takes EU post - CBC - May 1st, 2026 [May 1st, 2026]
- How will the Liberals solve the skilled trades shortage? - CBC - May 1st, 2026 [May 1st, 2026]
- Liberals table first fiscal document in seven years that wont need opposition votes - iPolitics - May 1st, 2026 [May 1st, 2026]
- Tories accuse Liberals of stifling public debate as committees move behind closed doors - Yahoo News Canada - May 1st, 2026 [May 1st, 2026]
- Legislation the Carney Liberals plan to change for economic update measures - The Hill Times - May 1st, 2026 [May 1st, 2026]