The book publishing is completely incidental.
This is simply money laundering for naked political bribery.
To this day, Barack Obama earns $3.75 for every hardcover copy and $1.12 for every paperback he sells. As a sitting President, Obama is not allowed to release any for-profit endeavors, but when his second term ends in 2016, you can be sure every major publishing company in the world will be clamoring to release his official autobiography. George W. Bush received a $7 million advance for his memoir “Decision Points” and Bill Clinton received a record setting $15 million for “My Life”. Interestingly, despite receiving more than double the advance and having an arguably more salacious story to tell, Clinton actually sold fewer books than Bush.
http://www.celebritynetworth.com/articles/celebrity/barack-obama-fortune/
Yep. But this kind of story makes me think some rich, liberal CEO or VP etc is being slapped in the face with capitalism.
The irony makes me laugh.
I will buy the book when its in the dollar store bin—for a buck.