Joe Biden just landed another big payday, this time in the form of a $10 million advance to write a presidential memoir.
Does anyone believe that Joe Biden is going to write a book that generates $10 million dollars in sales? More to the point, does anyone really believe that Joe Biden is going to actually write a book?
This is a tome that will be ghost written and will end up on the discount table not long after being released.
Breitbart News reports:
Report: Joe Biden’s Presidential Memoir Sells for $10 Million
Former President Joe Biden (D) will reportedly receive a $10 million advance for his memoir about his four years leading the nation.
Biden sold the title to the Hachette Book Group but its publisher, Little, Brown, & Company, has not set a date for publication. Biden has said he is “working my tail off” writing his book, the Wall Street Journal (WSJ) reported on Wednesday.
According to the article, former President Barack Obama and former First Lady Michelle Obama made significantly more on their book deals:
Penguin Random House acquired the rights to books by former U.S. President Barack Obama and former first lady Michelle Obama in 2017 for a price that was widely reported at the time as being in the range of $60 million. President Trump didn’t publish a memoir after his first term in office. Alfred A. Knopf, which like Penguin Random House is owned by Bertelsmann, paid $15 million for President Bill Clinton’s 2004 memoir “My Life.”
The well known conservative blogger Ace of Spades breaks it down:
If you don’t know, an advance is just literally an advance against future expected royalties. If you get an advance of $50,000, you don’t get your first $50,000 in royalty payments, because you were already paid them, in advance. After you hit $50,000 in royalties, you’d start collecting royalty checks for royalties in excess of your advance.
For fifty years, hard-left publishing companies, all of which are part of gigantic media conglomerates with business constantly in front of the US government, have been bribing (Democrat) politicians with absurdly high “advances” that are nothing of the sort. The ten million dollar payment to Biden is a straight-up bribe, like so many other bribes he’s collected. There is no way to characterize this as a reasonable guess as to what his projected future royalties will be. He will not make ten million in royalties. He will not even make one million in royalties.
He will make maybe $100,000-200,000 in royalties. Who would be the audience? Conservatives despise this child-sniffing criminal and Democrats want him to disappear.
That is spot on. It will be a miracle if Biden sells 50,000 copies of this book.
Read the full article here