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Cha-Ching! Obama Cashed In Before He Even Swore In


President reached agreement a few weeks before his inauguration

The Associated Press - Thurs., March. 19, 2009

WASHINGTON - President Barack Obama, a best-selling author who received royalties of $2.5 million last year, will get hundreds of thousands more for a youth-oriented version of his published memoir and will write a nonfiction book after he leaves the White House.

Obama agreed in early January to deliver the new book after he leaves office, which could be in 2017 if he wins a second term. The White House said he already had a deal with Crown Publishing Group to write another book, and agreed Jan. 9 that he would produce the book after his term ends.

About a week later, shortly before his inauguration, Obama agreed to a $500,000 advance for an abridged version of "Dreams From My Father" that would be suitable for middle school or young adult readers, according to a new personal financial disclosure report released this week.

Obama will get $250,000 of the advance and the publisher will get the other half, a White House spokesman said Thursday, speaking on condition of anonymity because he was not authorized to be quoted by name.

Comments

Waldo Lydecker's Journal said…
And the point is?

He's just a free market author selling some book prospects.
March 19, 2009 at 10:06 PM
Anonymous said…
Shut up and write your own book.

Or sue Comcast.

PS: I luv ya.
March 19, 2009 at 10:59 PM
Anonymous said…
I don't understand, Tyler. Is there something wrong with making a business deal on a book by President Obama to be written after the end of his Presidency?

Perry Hood
March 20, 2009 at 7:22 PM
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