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Dreams of a Lucrative Book Licensing Deal

March 19, 2009 7:41 AM

Americans may be losing their jobs at the worst rate in decades, with banks failing and the Gross Domestic Product shrinking, but 2009 is not a time of poverty for everyone.

On Jan. 15, five days before his inauguration, then-President-elect Obama inked a $500,000 licensing deal for an abridged middle-school version of his best-selling book "Dreams From My Father."

Sources say the deal was in the works since last summer. The deal was first reported in the Washington Times, based on a Senate financial disclosure report filed Tuesday.

This isn't a book deal, per se, but rather a license, allowing the Random House Children's division to abridge "Dreams" for middle school and young adults.

President Obama will split the $500,000 licensing fee 50/50 with Crown, the original publisher of "Dreams." Both Random House Children's and Crown are divisions of parent company Random House.

Since Obama long since made back for Random House his advance for the book, he will get a payment of $250,000.

The president will approve the abridgement, a White House aide said.

In other book news, former President George W. Bush spoke with the Associated Press about  his new book, tentatively titled "Decision Points," also to be published by Crown and, as with Obama, negotiated by power attorney Bob Barnett.

"I want people to understand the environment in which I was making decisions. I want people to get a sense of how decisions were made and I want people to understand the options that were placed before me," the firner president said.

The book will detail approximately a dozen decisions Mr. Bush has made -- from choosing sobriety to choosing Dick Cheney.  Financial details were not disclosed.

"I want to recreate what it was like, for example, right after 9/11," Mr. Bush said, "and have people understand the emotions I felt and what others around me felt at the time."

-- jpt

March 19, 2009 | Permalink | Share | User Comments (57)

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i guess the book will be required reading in schools english classes? on with the revolution?

Posted by: school_bus_yellow | Jun 19, 2009 4:04:58 PM

Silky, dear, I'm a college professor. The students to whom I referred are graduate students, pursuing PhDs. That's the group to whom I was comparing President Bush. Funny how your mind works, that you would jump to assume that I mean elementary school students when I never modified the word students with any reference to school level.

Posted by: moderate | Mar 20, 2009 3:12:00 PM

Maybe some one in the media will now demand to see the TYPEWRITTEN birth certificate of Obama so that we can get the truth. Why is Obama not allowing this document to be seen? Why doesn't someone under the freedom of information act get the document?

Posted by: emily sanford | Mar 20, 2009 12:46:06 PM

barry, better hang onto all you can of that. after YOUR tax increases and YOUR hyperinflation both kick in...i gotta tell ya.....500 large just aint what it used to be. wheelbarrel of it for a loaf of bread and all....

Posted by: fred | Mar 20, 2009 6:32:16 AM

Jake, can you check to see how far along Bill Ayers is on the first draft of this 3rd book he will ghost write for Barry?

Posted by: Dave | Mar 20, 2009 3:42:31 AM

Barry sees everything through a racial prism in his book, check it out of the library and read it for yourself. "Dreams from my father."

Posted by: smc341 | Mar 20, 2009 3:20:21 AM

That's the way to prove Bush's intelligence...compare him to elementary school students.

Posted by: Silky | Mar 19, 2009 10:01:10 PM

Silky, I found it incredibly small-minded of you to write, "No, anybody who makes up their own words, can only speak in 3 word sentences and who just generally butchers their first language must be stupid." President Bush was/is not stupid. Making up your own words (I think the word you are searching for is "neologism")is certainly not a sign of ignorance. Perhaps Bush was not the smoothest public speaker, but we are seeing that smooth speechs are not more important than executive experience in governing. Don't just lazily buy into stereotypes. Some of my brightest students have not been able to express themselves well verbally in a classroom situation, for example, or stumble over speeches that they themselves have written. Does this mean they lack intelligence? Of course not. Would I assume that because my vocabulary is vastly larger than theirs or because they cannot correctly pronounce all the words in their wider reading vocabulary that they are not as intelligent as I am? No, I'm more secure in my own intelligence than that.

Posted by: moderate | Mar 19, 2009 8:49:27 PM

Maybe Obama should have spent that time before his inauguration you know, working on his transition team.

Posted by: liz | Mar 19, 2009 6:08:32 PM

"Clinton and Democrats said the same things about WMD in Iraq, thus not a lie trumped up by Bush."

Well of course we knew Iraq had WMD's as Rummy and Reagan sold them to Saddam back when he was our buddy.

What was unclear was how much of the program was still intact after years of sanctions and inspections.

Blix and his team were turning up nothing so Bush had to rely on the Niger forgery and Cheney was telling members of Congress in private that Saddam had suitcase nukes.

All the while connecting 9/11 and Iraq to scare the hell out of the American people.

We killed 100,000 Iraqis and lost over 4000 of our soldiers for war based on bs while the people who actually attacked us were allowed to regroup.

Nearly the whole world was on our side during 2002 but thanks to the Bush obsession with Iraq the damage may take decades to overcome.

Posted by: Ryan C | Mar 19, 2009 5:36:41 PM

"Psst...relevant... Clinton and Democrats said the same things about WMD in Iraq, thus not a lie trumped up by Bush."

Clinton did not find cause to invade Iraq. That's the bottom line. Bill Clinton has little to nothing to do with this. The manipulation of bogus intel by the Bush Administration is what is relevant. That is what they hung their case on. That was the hard sell to Congress. Period.

Posted by: silky | Mar 19, 2009 5:23:08 PM

"Psssttt...irrelevant...Clinton didn't invade Iraq."

Psst...relevant... Clinton and Democrats said the same things about WMD in Iraq, thus not a lie trumped up by Bush.

Posted by: KR | Mar 19, 2009 3:53:58 PM

"I've always been astounded at how the left claims he lied about the war in Iraq, but somehow got Clinton and democrats to say the same things about Iraq while he was governer of Texas. He's either brilliant or stupid, which is it."

Psssttt...irrelevant...Clinton didn't invade Iraq.

Posted by: silky | Mar 19, 2009 3:51:35 PM

"You get it? Good. Now, if only you can get rid of it. Guessing is clearly not your forte."

I'm not following. Whats this a reply to? Whats "it"? Guessing clearly is not my forte if I can't tell what the heck your talking about.

Posted by: KR | Mar 19, 2009 3:47:53 PM

Statement released by Teleprompter One's (TP One's) press office:

TP One has never asked, nor received, any bonus from AIG for any reason whatsoever. TP One has received some consulting income from AIG and other large financial and insurance companies, such work being completed well before TP One became the official Obama White House statement producer.

TP One is quite concerned with the developing reports regarding approximately 23K in donations given to the Obama campaign by AIG execs after the Sept 15 2008 bailout.

TP One recomments a full mea culpa statement from Gibbs on Friday afternoon about returning all AIG money post crash of AIG. TP One has been overused lately and needs a break.

Posted by: Anti-Harkonnen Freedom Fighter | Mar 19, 2009 2:52:24 PM

"just generally butchers their first language must be stupid."

Lets concentrate on all the stupid things you've said or typed in the last 8 years and use that to judge your intellgence. Not that Bush was a great public speaker, he's not, that however doesn't make him "stupid", unpolished sure, stupid no.

I've always been astounded at how the left claims he lied about the war in Iraq, but somehow got Clinton and democrats to say the same things about Iraq while he was governer of Texas. He's either brilliant or stupid, which is it.

Posted by: KR | Mar 19, 2009 2:41:29 PM

"Anyone who disagrees with a Democrat must be stupid."

No, anybody who makes up their own words, can only speak in 3 word sentences and who just generally butchers their first language must be stupid. That's not even getting into the things that his paranoia led him to do.

Posted by: silky | Mar 19, 2009 2:28:15 PM

Ryan - noone is saying Obama was bought off, he wasnt. But he certainly wasnt against the idea of AIG keeping their bonuses, that is, until he needed to get out front and demagogue the issue like he did on Monday.

All the talk about if Dodd or Treasury slipped in the exclusion to allow the AIG (and other companies) bonuses --- getting lost in all that talk is that Obama is the President and he signed the bill. Bottom line, Obama is responsible for the bonus exclusion in the stimulus, as are the Dems in the House who voted for it, and all the Dems in the Senate and the three GOP'ers who voted for it.

What, Obama didnt know what was in his own bill? Cmon man, give me a break.

Posted by: Anti-Harkonnen Freedom Fighter | Mar 19, 2009 2:21:23 PM

"Obama got about 23-25K of AIG cash AFTER the mid September 2008 bailout of AIG."

So what's your point?

That he got a 1/4 of his contributions from AIG employees during the home stretch of a campaign?

I would have expected those figures to be much higher is he was being bought off as you so clumsily imply.

And looking over the figures Obama had quite a few doing the donating as most of the donations were in the $250 range.

The other big winner from AIG post 9/15/2008 thru the rest of the year?

The RNC and various state GOP parties (I assume that was part of the joint fundraising)

Posted by: Ryan C the actual original | Mar 19, 2009 2:18:04 PM

ABC News:

According to the Center for Responsive Politics, which tracks campaign finance reports, more than $120,000 of that money was donated after AIG received its first $85 billion in federal bailout funds in September. The company has since received a total of $170 billion in taxpayer cash to prevent its collapse.

Their generosity included more than $23,000 to Obama's campaign.

QUESTION to anyone who is fair minded and objective ---

WILL OBAMA RETURN HIS CONTRIBUTIONS from POST BAILOUT AIG CASH?????

Indeed, using the same logic of those like Obama who are demagoging AIG bonuses now, that if the Sept 08 bailout had not occurred the 165 million in AIG bonuses would not have been paid out, and therefore they should be returned, the OBAMA Campaign Contributions after Sept 08 MUST be returned or donated because those SAME AIG EXECS WHO GAVE THE 23/24K TO OBAMA AFTER THE SEPT 08 BAILOUT WOULD HAVE NOT GIVEN A DIME TO ANYONE IF THEY WERE IMMEDIATELY FIRED AS AIG COLLAPSED, as would have happened had the bailout not occurred in Sept 08.

Any lefty care to dispute this ?

Posted by: Anti-Harkonnen Freedom Fighter | Mar 19, 2009 2:11:06 PM

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