‘ahems and ahahs’

Literature, & Etc.

Hypocrite? Pardon, that’s Mr. Hypocrite President?

with 6 comments

The power of President Obama’s pen is $8,605,429, and counting.

Four years ago, Mr. Obama became a millionaire through the popularity of his autobiography, which was quickly followed by a second book, “The Audacity of Hope.” It is a gift that keeps on giving: $3.89 in royalties for Mr. Obama for each hardcover, $1.03 per paperback and $4.50 for an audiobook.

In a week when Mr. Obama scolded business executives for creating a culture of runaway salaries and bonuses, a disclosure form filed Tuesday showed that he signed a new $500,000 book agreement five days before taking office in January. – NYTIMES.COM

It’s very easy to point fingers, except when those fingers start to point back. [ I realize the irony of my pointing a finger at Mr. Obama, but then again I’m not trying to fix an economy or publicly chastising CEO’s for their wasteful spending and greed while making deals on the side for my own wealth. ]

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Written by thebeliever07

March 21, 2009 at 5:34 pm

Posted in Uncategorized

Tagged with , , ,

6 Responses

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  1. Think a little deeper. He signed it now rather than at the end of his Presidency. If he had waited, couldn’t he have gotten a whole lot more? There are things people do that increase their value as book authors. Being President is one of them. Exactly who, rather than him, should get the money that a book he writes brings in?

    djcnor

    March 21, 2009 at 6:12 pm

  2. I realize that the book deal will create some spending in the economy, book sales, interest in politics, etc. But, I still hope that Mr. President donates half of that money towards some worthy cause.

    thebeliever07

    March 21, 2009 at 6:59 pm

  3. Well, at least more than the 1% that John McCain’s daughter is giving to veterans.

    But G, I have to agree with the first commenter…if you see a $500, 000 book deal as hypocritical (on the part of someone who’s already been an author, and isn’t a bad one), you’ll have a lot more to be a lot more unhappy about before the end of 4 years.

    Faith

    March 22, 2009 at 5:03 am

  4. I guess it’s just tough to see that kind of money being spent. I realize it’s also out there and in the economy and he is a President, which is a big deal I admit. Still, that’s a lot of cash that could probably be spent on something else and considering how lousy the economy is, well there are lots of people suffering that could use that money. Ah well, nice discussion.

    thebeliever07

    March 22, 2009 at 10:18 am

  5. What you have to remember is that money spent on a book deal is not spent just once. Just like any money, it is respent and stimulates other spending. In this case, a printer just got a big order, the jobs of an acquisition editor, a copy editor, a production editor, a proof reader, a cover designer, and several other jobs just became more secure. Then there’s the company that will be hired to do the publicity arrangements and all its people. The paper company. Even somewhere there’s a author whose book the publishing company will now accept and publish because now it can afford to take a chance or two on some not-guaranteed-to-make-a-profit book manuscripts. Then there are all the businesses in which the paychecks of all these people will be spent. Money spent never just disappears. Whoever receives it spends it again. The more hands it goes through within a local community, the more it benefits that community.

    djcnor

    March 22, 2009 at 12:16 pm

  6. I dunno, dude. $500,000 is not equal to the $164 million the AIG top dogs just got as employment incentives right before they quit. Sure Obama makes more than the average bear, but I like that the majority of his income comes from book sales and not from shadier sources. And as an American, I’m pleased to have a president who is capable of writing intelligent political philosophy and expository prose.

    Casey Cosker

    March 25, 2009 at 9:35 am


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