Thy Black Man.com is running a piece on all the money Obama will make after he leaves office in 2012 or 2016. His legacy will certainly generate big bucks.
Here is a taste:
Though several years off, President Obama’s next gig is already shaping up to be a sweet deal.
He may be deep in the groove of his Presidency. But we do know he has given thought to what happens next. Before he even sat at the Resolute Desk, he inked a deal to deliver a post-presidency book, raking in hundreds of thousands of dollars.
Millions will follow, no doubt, because after you’ve pulled the nation back from the brink of economic disaster, and perhaps even a second Great Depression, what you do for an encore will be worth paying for.
He’ll rack up on the speakers’ circuit. He’s one of the world’s most gifted orators, so money won’t be an issue.
Neither will his age. When he leaves the White House — in either 2013, or 2017, at the age of 52 or 56, depending on the outcome of the next election — he will still have a dangerous jump-shot and a bop in his walk, and his children will still be youngsters.
“He’ll be a relatively young ex-President, so he’ll have a long career,” said Alan Brinkley, a historian at Columbia University. “I think we’ve had somewhat younger Presidents fairly recently, and also people are living longer now, so ex-Presidents seem to be around for a longer time. Some of them are very active, like Clinton and Carter, and others seem to just disappear. I doubt that Obama will disappear.”
As a member of what Herbert Hoover called the “most exclusive trade union in the world,” Obama stands to reap the rewards of having served as leader of the free world in times of global crisis. The Clintons, who never earned much during their years in public office and who left office with crushing legal bills, were able to earn $100 million just eight years after leaving Pennsylvania Avenue. If Obama leaves office with high approval ratings and with the country believing itself to be on the right track, he could follow in Bill Clinton’s footsteps, or perhaps earn more.
As the first African American President, Obama has cracked a mold that was cemented at the nation’s founding. This trail-blazing isn’t simply symbolic; it’s cash value is priceless.
Leave a Reply
You must be logged in to post a comment.