Obama’s $500,000 book deal disclosed!

Heres another Obama gem, from the Washington Times:

As he empathized with recession-weary Americans, President Obama arranged in the days just before he took office to secure a $500,000 advance for a children’s book project, a disclosure report shows.

The terms of the book deal were disclosed in a Senate financial disclosure report filed Tuesday.

Analysts say there don’t appear to be any rules that would bar such transactions after a president takes office, but it’s unclear whether an incoming or sitting president has ever signed a book deal upon entering the White House.

“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.

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March 18, 2009 · Filed Under Barack HUSSEIN Obama


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