Obama Turns Out To Be A Greedy One-Percenter | Stock News & Stock Market Analysis - IBD: "Money in Politics: President Obama...the only thing he's done so far is cash in on his presidency with a massive book deal and a six-figure speech gig.
Earlier this month, Obama reportedly signed a book deal with Penguin Random House for more than $65 million for one book written by him and another written by Michelle.
(The exact amount wasn't made public.)
Assuming that figure is correct and they both write 500 page books, that amounts to roughly $144 per word for each of them.
...Not so Obama's decision to accept a $400,000 speaking gig at a health care conference sponsored by Wall Street investment firm Cantor Fitzgerald..."
Read on!
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