"In the modern age, U.S. presidents can generally expect not to have to worry about money anymore once they leave the White House. They enjoy fat speaking fees, honorary gigs, and generous payments for their memoirs. But that rule may not be holding for the most recent ex-occupant of 1600 Pennsylvania Avenue: Multiple reports make clear that Joe Biden has had a different kind of experience over the past eight months."
"Rich people just don't want to pony up for Diamond Joe right now. The Wall Street Journal reports that he is not being offered corporate sinecures thanks to his age and his clear cognitive decline in the last months of his presidency. He still commands a decent speaking fee, ranging from $300,000 to $500,000, but the requests are few and far between - and those booking Biden are even trying to haggle below those numbers."
"As the other former presidents celebrated the Fourth of July on lavish estates, Biden spent his at a mobile-home park. It was an extremely nice trailer in Malibu owned by Hunter Biden's friend the singer Moby, but it was hardly the Hamptons. And if you're taking the Amtrak along the Eastern Seaboard, you might spot Biden where the Journal reports the longtime Amtrak booster is breaking the quiet car's only rule."
Joe Biden has experienced fewer lucrative post-presidential opportunities and diminished donor enthusiasm. Corporate boards and high-dollar donors have been reluctant to offer roles, citing age and perceived cognitive decline. Speaking fees still range from $300,000 to $500,000, but booking requests are infrequent and negotiators push for lower rates. Biden has spent holidays modestly and continues public Amtrak travel rather than private jets. The lack of donor enthusiasm threatens efforts to fund a presidential library and could further erode his post-presidential legacy. Significant financial obligations remain despite the reduced flow of donor and corporate support.
Read at Intelligencer
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