In an exclusive on Thursday, the Washington Times reported that only five days before assuming the presidency, Barack Obama received a $500,000 advance to write a children's book. Times writers Jim McElhatton and Christina Bellantoni put it this way: "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 Times piece quotes campaign finance lawyer Jan Baran as asserting, "I don't recall any sitting president entering into a book deal." The former general counsel to the Republican National Committee added, "They all have historically done that after they leave office." McElhatton and Bellantoni pointed out that Obama doesn't appear to have broken any rules by signing the deal. But, considering how the President has railed against excess greed on Wall Street and bonuses for Wall Street CEOs, it will be interesting to see if networks such as CBS, ABC and NBC cover the issues raised in the Times report.
To read the entire Washington Times piece, go here.