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Politics : Formerly About Advanced Micro Devices

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From: bentway1/17/2009 2:31:31 PM
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It's time for his cronies to pay him back.

A NEW book out last week reported that President Bush wants to hop on the lecture circuit when he leaves office in 2009 — “replenish the ol’ coffers,” as he put it in Robert Draper’s account of his presidency, “Dead Certain.”

“I don’t know what my dad gets,” the president told Mr. Draper. “But it’s more than 50, 75” thousand dollars a speech. He added, “Clinton’s making a lot of money.”

In recent years, virtually every president has left office and parlayed his experience into handsome fees. Criticism has followed.

Ronald Reagan was excoriated for taking $2 million for two speeches in Japan, at a time when the United States was locked in economic battle with his hosts; George H. W. Bush’s association with the Carlyle Group was held up to ridicule in Michael Moore’s “Fahrenheit 9/11”; and Bill Clinton has been lambasted for extracting eye-popping fees, sometimes $350,000 a speech.

There was no exception for the current president, with critics accusing him — in advance — of venality, greed and capitalizing on his presidency in a time of war.

In the book, Mr. Bush did not really explain his interest in more money. His assets are estimated at between $8 million and $20 million (and his daughters are out of college). Moreover, since the 1950s, when it was clear that Harry Truman could not afford even an office staff, the federal government has taken care of former presidents. Mr. Bush will receive an annual pension of $186,000, travel funds, mailing privileges, Secret Service protection, office space, staff, stationery and transition expenses.

nytimes.com
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