Naked Capitalism has the article The “Market Forces” Behind the Obamas’ Record-Setting Book Deal.
While the Obamas’ deal is unique for the amount of money involved, outsized book contracts between politicians and industries they’ve benefitted has precedent. In a recent report issued by the Roosevelt Institute, the study’s authors, Thomas Ferguson, Paul Jorgensen, and Jie Chen, argue that the mainstream approach to money in politics fails to recognize major sources of political spending. Among the least appreciated avenues for political money, they argue, are payments to political figures in the form of director’s fees, speaking fees, and book contracts.
It was nice of them to explain how the Obama’s have reached their goal of cashing in on the Presidency. They have already made one-third of the amount of money that the Clinton’s have “earned” since Bill’s term was over. Of course, a lot of the money the Clinton’s “earned” came from bribes for Hillary’s term as Secretary of State.