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View Full Version : Obama Obama Signs Deal for Post-Presidency Book


bkkcoh
03-19-2009, 12:16 PM
President Barack Obama already has a job lined up after his presidency: writing another book.


The best-selling author reached a new book deal a few weeks before his inauguration. A financial disclosure report released this week shows Obama amended his agreement with Crown Publishing Group to deliver a new nonfiction book after he leaves office.


Obama also approved an abridged version of his book, "Dreams From My Father," suitable for middle-school or young adult readers. The publisher is giving him a $500,000 advance for that. Obama didn't say how much his deal for the new nonfiction book might be worth.


Obama received nearly $2.5 million in book royalties last year.


The deal was first reported by The Washington Times.

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Comments??

He is worried about fundraising, getting a book deal lined up, NCAA Tourney brackets. Shouldn't he truly be worried about the economy?

StcChief
03-19-2009, 12:23 PM
so when is he planning on writing this about 2010.

orange
03-19-2009, 12:32 PM
Comments??

He is worried about fundraising, getting a book deal lined up, NCAA Tourney brackets. Shouldn't he truly be worried about the economy?

Obama agreed in early January to deliver the new book after he leaves office. 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.

http://www.startribune.com/politics/41490402.html


How many pseudonyms do you actually have, Denise?

Garcia Bronco
03-19-2009, 03:53 PM
President Barack Obama already has a job lined up after his presidency: writing another book.


The best-selling author reached a new book deal a few weeks before his inauguration. A financial disclosure report released this week shows Obama amended his agreement with Crown Publishing Group to deliver a new nonfiction book after he leaves office.


Obama also approved an abridged version of his book, "Dreams From My Father," suitable for middle-school or young adult readers. The publisher is giving him a $500,000 advance for that. Obama didn't say how much his deal for the new nonfiction book might be worth.


Obama received nearly $2.5 million in book royalties last year.


The deal was first reported by The Washington Times.

--------------------------------

Comments??

He is worried about fundraising, getting a book deal lined up, NCAA Tourney brackets. Shouldn't he truly be worried about the economy?

I heard the title will be "My Struggle", but spelled Mein Kampf.

Chief Henry
03-19-2009, 06:30 PM
He got $500,000 before he went into office.

WTF is that ethical ?

How many Presidents have done that ?

patteeu
03-19-2009, 09:40 PM
There would be outrage (and probably a dismissal) if a juror or a judge in a high profile court case signed a book deal to write about it after it concluded. We're all appropriately skeptical when someone with a book to sell starts spinning his yarns in the media (e.g. Scott McClellan and Gary Aldrich). Is Barack Obama going to be focused on working for the people of the country or is he already focused on maximizing his future book sales.

WoodDraw
03-19-2009, 09:46 PM
Quick: name the last President not to write a book after leaving the Presidency.

patteeu
03-19-2009, 10:35 PM
Quick: name the last President not to write a book after leaving the Presidency.

Name the last President to be so focused on a book that he signed a book deal for a post-Presidency book before his first inauguration.

NFL16
03-20-2009, 12:57 AM
There would be outrage (and probably a dismissal) if a juror or a judge in a high profile court case signed a book deal to write about it after it concluded. We're all appropriately skeptical when someone with a book to sell starts spinning his yarns in the media (e.g. Scott McClellan and Gary Aldrich). Is Barack Obama going to be focused on working for the people of the country or is he already focused on maximizing his future book sales.

I can't tell if your joking or not but...Are you honestly worried about Obama doing something different while in the White House because he has a book deal lined up 4 years from now? Seriously?

orange
03-20-2009, 12:58 AM
Name the last President to be so focused on a book that he signed a book deal for a post-Presidency book before his first inauguration.

I don't think he signed a new deal. It sounds like he already had a book contracted from before and he and the publisher agreed to put it off.


In addition, the financial disclosure showed Mr. Obama brokered an amendment to an existing book deal with Crown Publishing to put off writing a nonfiction book until after he leaves office.

http://www.washingtontimes.com/news/2009/mar/19/obamas-500000-book-bonanza/


.

patteeu
03-20-2009, 06:44 AM
I don't think he signed a new deal. It sounds like he already had a book contracted from before and he and the publisher agreed to put it off.


In addition, the financial disclosure showed Mr. Obama brokered an amendment to an existing book deal with Crown Publishing to put off writing a nonfiction book until after he leaves office.

http://www.washingtontimes.com/news/2009/mar/19/obamas-500000-book-bonanza/


.

IMO, that does give this deal a completely different flavor.

NFL16
03-20-2009, 12:49 PM
Haha.

HonestChieffan
03-20-2009, 12:54 PM
He got $500,000 before he went into office.

WTF is that ethical ?

How many Presidents have done that ?

Deep breath...say after me...Chi ca go

orange
03-20-2009, 01:04 PM
He got $500,000 before he went into office.

WTF is that ethical ?

How many Presidents have done that ?

Deep breath...say after me...Chi ca go

JFC, you people are complete dicks. Obama wrote the book. The publisher is going to print a new abridged version to sell it for more money - that's what publishers do - sell books for money. As the author, Obama is entitled to be paid. That's what we call "capitalism" or "free enterprise" - except when a Democrat earns money, then it's something unethical or illegal.

HonestChieffan
03-20-2009, 01:05 PM
If they would pay taxes like the republicans Id feel better.

orange
03-20-2009, 01:08 PM
IMO, that does give this deal a completely different flavor.


You other wingers could learn something from patteeu. He's as conservative as any of you, but he will at least acknowledge the obvious. Not everything has to be seen through a pure partisan prism.

HonestChieffan
03-20-2009, 01:11 PM
You other wingers could learn something from patteeu. He's as conservative as any of you, but he will at least acknowledge the obvious. Not everything has to be seen through a pure partisan prism.


Yuking it up on that one...

bkkcoh
03-20-2009, 01:29 PM
I truly don't have a problem with the book deal, the fund raising or a lot of the other things that people are upset with on an individual crap. But when does it become a pattern of behavior that should be a concern?

Thig Lyfe
03-20-2009, 07:42 PM
He is worried about fundraising, getting a book deal lined up, NCAA Tourney brackets. Shouldn't he truly be worried about the economy?

You're right. He's totally not worried about the economy because he filled out a bracket and has a book deal.

Threads like this are like the Special Olympics or something.

wazu
03-20-2009, 10:08 PM
I'll put this right next to "making fun of Special Olympics" on the list of things that are completely insignificant when compared to pushing through a $1.8 trillion deficit in his first year.

SBK
03-20-2009, 11:22 PM
The guy has sold a lot of books, people that do that get big advances for their next book. If he's writing it once he's out of office how does this even matter?

Good for him.

wild1
03-21-2009, 10:41 AM
I'm old enough to remember when Newt signed a book deal while in office. the media and the left eviscerated him for it.

orange
03-21-2009, 10:57 AM
I'm old enough to remember when Newt signed a book deal while in office. the media and the left eviscerated him for it.

"the media and the left"

Dole Assails Deal Paying $4.5 Million For Gingrich Book
By KATHARINE Q. SEELYE,
Published: Friday, December 30, 1994

In his first public criticism of his fellow Republican leader, Senator Bob Dole today questioned the propriety of the $4.5 million book advance for Representative Newt Gingrich, the next Speaker of the House, and suggested that the deal could mar efforts by Republicans to get off to a strong start when they take over Congress on Wednesday.

...

Asked if the deal had hurt the party, Mr. Dole replied, "I don't know, but when Bob Novak expresses reservations, it means he's been picking it up out there, because he's not known to differ with Newt."

http://www.nytimes.com/1994/12/30/us/dole-assails-deal-paying-4.5-million-for-gingrich-book.html?n=Top%2FReference%2FTimes%20Topics%2FSubjects%2FB%2FBooks%20and%20Literature

wild1
03-21-2009, 11:08 AM
Dole and Novak... along with political opponents. It was evil then, he was cashing in on his office. Now it's ok.

orange
03-21-2009, 11:16 AM
Dole and Novak... along with political opponents. It was evil then, he was cashing in on his office. Now it's ok.

Obama's not cashing in on anything. He's being paid for selling more copies of a book he already wrote - and he's putting off writing a book he already contracted for until he's out of office. Where's the wrong, here?

jAZ
03-21-2009, 11:55 AM
Obama's not cashing in on anything. He's being paid for selling more copies of a book he already wrote - and he's putting off writing a book he already contracted for until he's out of office. Where's the wrong, here?

All you have to do is look at the money involved.

Obama is getting a $500K and Gingrich got $4.5M.

That $500K obviously has nothing to do with a book about his time in office.

Brock
03-21-2009, 01:26 PM
A 500,000 dollar advance. The total deal is probably a lot more.

orange
03-21-2009, 01:39 PM
All you have to do is look at the money involved.

Obama is getting a $500K and Gingrich got $4.5M.

That $500K obviously has nothing to do with a book about his time in office.

A 500,000 dollar advance. The total deal is probably a lot more.

Obama is actually getting $250,000. He agreed to a $500,000 advance - but he's splitting that with his original publisher (this indicates the new version will be published by a different company). He could get more, but only if that book flies off the shelves.

Gingrich never got the $4.5 million. The deal smelled to high heaven - a lot more was involved than just money for a book. There was a pending Congressional investigation of FOX Network (possibly violating FCC ownership rules) and Murdoch had a history of paying off politicians in other countries with book contracts. There was also a lot of lying and squirming by Newt over the whole matter. Gingrich agreed to turn down the advance and be payed in actual royalties - he ended up making less than $200,000.

Obama's eventual after-presidency book will probably dwarf these figures.

jAZ
03-21-2009, 02:34 PM
A 500,000 dollar advance. The total deal is probably a lot more.

Newt's was a $4.5M advance.

To anyone paying attention, that $500K figure all on it's own is a shocking figure if we are talking about any President's first book out of office.

That's nothing.

That $4.5M figure of Newt's put's it into context. Bill Clinton's was $15 million.

Just for context. In 1990 or so, Obama was paid about $125K advance for his life story through law school.

Anyone reading this thread and assuming it's the actual book deal claimed (1st book after leaving office), needs to have their sanity-check meter serviced.

orange has explained what it means. That explanation makes perfect sense given the trivial amount we are talking about (in Presidential book terms).

I guarantee you that if Obama has a full 8 years (and maybe if he only has 4 years) his advance on his memoirs will bring more than Bill Clinton's $15M.

jAZ
03-21-2009, 02:36 PM
Gingrich never got the $4.5 million. The deal smelled to high heaven - a lot more was involved than just money for a book. There was a pending Congressional investigation of FOX Network (possibly violating FCC ownership rules) and Murdoch had a history of paying off politicians in other countries with book contracts. There was also a lot of lying and squirming by Newt over the whole matter. Gingrich agreed to turn down the advance and be payed in actual royalties - he ended up making less than $200,000.


Wow. I never heard about that. They tried to pay him $4.5M for a $200K book? I know it's a risk, but that's crazy. Didn't know about the payoffs with book deals, or any of that really.

Newt running in 2012? Good luck.

Garcia Bronco
03-23-2009, 09:30 AM
I neg rep for some poster on comparing socialist Obama to a well known Nazi who was also a socialist:

"your and idiot"

LMAO


LMAO