President Obama Signs Another Book Deal

A book deal received the President-elect's signature to do a modified version of Dreams From My Father for the young adult (YA) audience, making that best-selling memoir a franchise itself. Now that Barack Obama is the official 44th Commander-in-Chief, disclosures show that one nonfiction written work is also optioned for his post-presidency. That won't be discussed until near the end and the big green numbers for that book are going to be stratospheric no matter where he lands in the pantheon of presidential rankings. Bill Clinton can hug that $15 million he got for My Life as the record for just a bit longer. It will be interesting to see what Michelle's memoirs and her fashion creds bring in a stripped down, hand me down publishing market.

The craft of writing is masterful from a keyboard or pen wielded by President Obama, that is a bonus. The presidential memoirs touted most as literary works were from a dying and broke Ulysses S Grant who passed away just days after retiring his pen on the project. President Theodore Roosevelt was no slouch in the writing department either. Ronald Reagan wrote charming letters. One of the most unpopular presidents ever is doing his obligatory writing trying to explain some of his inexplicable decision-making. But had he had the gift of time, Abraham Lincoln may have gone down in history as the writer to which all aspire.

Last year's wheelbarrels full of dollars, just from books, for the First Family was a backbreaking $2.5 million. Yesterday, during President Obama's California town hall in one of the wealthiest counties in America, Orange County, he confessed to the fact that he would be raising taxes on himself as he was now part of the welthy class. Interesting for a community organizer guy who had holes in the soles of his shoes from all the walking during the campaign. Reading his take on life in the White House will be at a premium because he is seeing it through such a different lens with a background unlike any of his predecessors.