Obama bags secret $500,000 book bonus five days before inauguration

Just five days before his inauguration, President Obama quietly signed a lucrative $500,000 deal for a children’s book.

Terms of the deal were revealed in Senate financial disclosure forms on Tuesday.

Although there’s nothing “illegal” about the deal, observers say it unusual. And others say its unseemly. No other incoming or sitting president has ever signed a similar publishing deal.

Here’s what the Washington Times says:

“I don’t recall any sitting president entering into a book deal,” said campaign finance lawyer Jan Baran, former general counsel to the Republican National Committee. “They all have historically done that after they leave office.”

“I recall the only ones who did sign book deals while living there were first ladies, and my recollection is they gave it to charity.”

Mr. Obama approved the $500,000 advance on Jan. 15. The advance is against royalties under a deal with Crown Publishing, a division of Random House. The project calls for an abridged version of his book “Dreams From My Father” for middle-school-aged children, according to the disclosure.

Obviously, Senate Financial Disclosure forms are inadequate.

What they really need are Senate Socialism Disclosure forms. Or Senate Senate “I’m Going to Tax Your Asses Off” forms. And maybe, just maybe, Senate “I’m Way In Over My Head” forms.

Source: Washington Times

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