Hillary Rodham Clinton
Hold it, Hillary
A watchdog organization calls for the first lady to turn down an $8 million advance for her memoir.
As the bidding on Hillary Clinton’s memoir soars as high as (rumor has it) $8 million, a nonpartisan watchdog organization called the Congressional Accountability Project has another suggestion for the first lady: Skip the advance entirely.
“The public ought to question it when a member of Congress receives such an enormous advance,” says CAP director Gary Ruskin. “It can have the aspect of a gift or a sweetheart deal, and it can give the impression as well that the member is exploiting his or her office for monetary gain.”
CAP was part of a chorus that criticized former Speaker of the House Newt Gingrich, R-Ga., when, in 1994, he accepted a $4.5 million advance for his book “To Renew America” from HarperCollins, a publishing house owned by conservative mogul Rupert Murdoch. Gingrich himself had pushed for an ethics investigation of then-House Speaker Jim Wright, D-Texas, for a similar book deal in 1988. Ultimately, Gingrich returned the advance, the House amended its rules to prohibit members from accepting book advances — and Gingrich’s book didn’t sell nearly as well as he had boasted it would.
The ethics argument against hefty book advances rests on the speculative nature of book contracts themselves. Authors are paid royalties — usually 10 to 15 percent of the cover price — for their books. Publishers routinely offer authors advances against royalties, upfront payments that are gradually deducted from an author’s subsequent royalty earnings once the book goes on sale. An author only begins to receive royalty checks after his or her book has “earned out” its advance and is seldom asked to return any portion of the advance should the book fail to do so.
However, in order to land a potential blockbuster — or even just a particularly prestigious book — publishers will sometimes offer an advance so large that few books could ever earn it out. Observers have recently questioned the $7 million advance paid to outgoing General Electric CEO Jack Welch for his autobiography. As in the case of Gingrich’s book (and Wright’s), an extravagant advance can be interpreted as a way to funnel a nice chunk of cash to a political friend. Then-House Majority Whip David E. Bonior, D-Mich., called Gingrich’s advance a “$4 million Christmas gift” from Murdoch.
Gingrich’s treatise on his political philosophy, however, never promised to reveal the kind of secrets that fueled tabloid cover stories for the better part of 1998: Clinton’s memoir does. According to the New York Times, she has told potential publishers that she intends her book to be both “honest” and “dignified,” but she has also said that she plans to discuss the Monica Lewinsky scandal. If her publishing suitors expect her book to be a bestseller, their hopes don’t seem far-fetched.
There is no formal rule prohibiting members of the Senate from receiving book advances, however, Ruskin insists that Clinton ought to accept only “copyright royalities” on her memoir, or wait until the book starts selling before she sees a dime. Considering that the book isn’t even written yet, that it may take as long as two years to complete and another six months to a year to roll off the presses, and that royalty payment don’t arrive until several months after a book goes on sale, it would be quite some time before Clinton could reap the rewards of her painful revelations.
And the Clintons, according to the New York Times, are feeling the pinch. Set to vacate their home of the past eight years, shouldering a $1.7 million mortage for their new house in Chappaqua, N.Y., saddled with another $4 million in legal bills and in need of a home in Washington, they could use a quick and sizable infusion of cash.
That’s probably why Clinton is asking to receive all of her book advance upfront, when it’s more customary for a publisher to pay the sum in thirds: one portion each upon the signing of the contract, the delivery of the manuscript and the final publication of the book. It’s this variation from form that Ruskin singles out as most egregious. “If the deal really is as it’s reported to be in the Times,” he says, “it is not usual or customary terms for a book contract … She will soon be a sitting member of the U.S. Senate. She’s not Jack Welch, who works for GE and is a private citizen who works for private individuals. Hillary Clinton is a senator-elect and she works for us. That means she has to uphold the public trust.”
Laura Miller is a senior writer for Salon. She is the author of "The Magician's Book: A Skeptic's Adventures in Narnia" and has a Web site, magiciansbook.com. More Laura Miller.
The politicization of the Secret Service scandal
What was once one of the right's favorite government agencies becomes a symbol of waste and moral degradation
President Obama, surrounded by members of the Secret Service, upon his arrival in San Diego, Sept. 26, 2011. (Credit: AP/Pablo Martinez Monsivais) It’s hard to work up much outrage about the Secret Service prostitution scandal, in which 11 members of the president’s elite protective service and various military personnel were found to have picked up escorts in Colombia, where they were doing advance work for the president’s visit. I guess it is probably not a good idea for the people in charge of protecting the president to leave themselves vulnerable to sexual blackmail, but on the other hand we do not live in a John Le Carré novel or “24″ episode, and I don’t think the threat of a honey-trap assassination conspiracy plot is very credible. If members of the Secret Service want to get drunk and hire escorts after work, that is their business. (As Melissa Gira Grant says, the only actual scandal here — and the reason this became an international incident — is that all these guys tried to bilk one of the women out of the money she was owed.)
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Alex Pareene writes about politics for Salon and is the author of "The Rude Guide to Mitt." Email him at apareene@salon.com and follow him on Twitter @pareene More Alex Pareene.
The silly 2016 speculation game
It may be impossible to make any serious predictions about a far-off race, but that has never stopped a pundit
(Credit: AP/Shutterstock/Salon) Being that it’s still March 2012 and we have no way of knowing who will actually be president by the end of January 2013 (besides “not Ron Paul,” obviously), it would seem to be a bit premature to speculate as to how the 2016 presidential race will shake out. And yet political reporters, finally bored perhaps with the inevitable Republican nomination of Mitt Romney, are already spewing forth predictions. Chris Cillizza at the Washington Post has even created a “Sweet 2016″ bracket.
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Alex Pareene writes about politics for Salon and is the author of "The Rude Guide to Mitt." Email him at apareene@salon.com and follow him on Twitter @pareene More Alex Pareene.
Bill Keller writes newest, dumbest Biden-Clinton 2012 swap piece
Former New York Times editor combines hackneyed analysis with shopworn topic, with predictable results
Joe Biden and Hillary Clinton (Credit: AP/Jason Reed) Bill Keller, a bad opinion columnist, has written a bad opinion column. It is about how Barack Obama will replace Vice President Joe Biden on the 2012 ticket with Secretary of State Hillary Clinton, a thing that will not actually happen.
The former New York Times editor has lately been celebrating his return to writing by fearlessly tackling hacky column ideas already exhausted by everyone who was writing bad opinion columns during Keller’s tenure as a person with an actually important job. Having offered his own takes on classics like “The Huffington Post isn’t as good as a real newspaper” and “Twitter is dumb,” Keller today tries the old “running mate switcharoo” scenario.
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Alex Pareene writes about politics for Salon and is the author of "The Rude Guide to Mitt." Email him at apareene@salon.com and follow him on Twitter @pareene More Alex Pareene.
Fake Democratic pollsters have stupid idea
The Wall Street Journal publishes nonsense from Doug Schoen and Pat Caddell, because they think you're an idiot
Hillary Clinton and President Obama (Credit: AP/Charles Dharapak) I think it’s best to understand the Wall Street Journal editorial board’s decision to publish any given column by con artist pollsters Doug Schoen and Pat Caddell as basically an expression of contempt for people who read the Wall Street Journal editorial page.
Caddell and Schoen, two loser “Democratic” “pollsters,” regularly publish very lame link-bait columns about how if Democrats want to succeed electorally, they must immediately cease being Democrats, and become, instead, Republicans. This week’s variation on that theme: Barack Obama should step aside (already heard that one last year around this time) and allow himself to be replaced by Hillary Clinton, for the good of the party and the nation.
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Alex Pareene writes about politics for Salon and is the author of "The Rude Guide to Mitt." Email him at apareene@salon.com and follow him on Twitter @pareene More Alex Pareene.
Does Hillary Clinton get too much credit?
She's a huge foreign policy asset to the president but this week's hosannas feel like overkill
Hillary Clinton (Credit: Reuters) I’m on record as a great admirer of Secretary of State Hillary Clinton, going back to her days as New York senator and certainly through her 2008 presidential campaign. But this week’s set of stories depicting the U.S. Libya intervention as “Hillary’s War” (The Washington Post) and an example of Clinton’s “smart power” doctrine (Time Magazine’s cover) go a little bit too far for me. They feel like someone’s effort to upstage or diminish President Obama. For the record, I don’t think the effort is Clinton’s. It may just reflect the mainstream media’s inability to give Obama his due.
Continue Reading CloseJoan Walsh is Salon's editor at large. More Joan Walsh.
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