Posted on 04/07/2003 3:18:47 PM PDT by Tailgunner Joe
It has been reported that Simon and Schuster executives are in a panic because good old reliable Hillary has not turned in a complete manuscript of her book which is due for publication in August.
What is wrong with those liberal dummies at Simon and Schuster's? Don't they know that the $8 million deal they did with good old liberal Hillary was merely seen by her as a donation to her electoral war chest? Are these liberals so stupid that they did not realise that Hillary's idea of a deal is: I take, you give. Apparently not, which only goes to show how dumb liberals can be.
But the book deal had a rotten smell about it from day one. To recover its $8 million dollar investment in Hillary publisher Simon & Schuster would have to sell more than 3 million hardback copies. That would literally make publishing history, at least in America. Does anyone think for a moment that this is possible, least of all her prospective publisher? Yes, if she told the truth about the rape of Broaddrick, the rake offs, the selling of state secrets, the Foster suicide, the White Water scandal, and various other frauds and criminal activities. But of course, Hillary is as big a liar as Bill and just as good.
There was also the obvious conflict of interest that America's liberal media chose to overlook. (Not that such niceties ever cut any ice with the Clintons and their rabid supporters).
Not only is Viacom Inc. Simon & Schuster's parent company it also has numerous media interests, including ownership of CBS. It is also no secret that those who run Viacom are very close to the Clintons.
Now $8 million dollars is big money in any language and no matter how supportive Party donors have been they are not that generous, not even the loony Streisand. In any case, a coporate donation of that size would have been bound to raise far too many eyebrows. So why not contrive an $8 million book deal? The great advantage for this from Hillary's corporate supporters is that Viacom's shareholders would have paid for it. She gets $8 million and they get taken to the cleaners. A perfect Clinton scam.
Of course, for the scam to work a book would still have to be produced and that means hiring a ghost writer. It appears that though a writer was hired the manuscript still remains in an incorporeal form, so to speak.
I would guess that it is not the money that is causing panic at Simon and Schuster but the fear that people, particularly shareholders, perhaps, might get the idea that Hillary's cavalier disregard for the publishing house, despite the huge payout, is evidence that the arrangement was a scam from day one.
However, wouldn't it also be an ethics violation to be in breech of contract while being a sitting Senator? Hillary! owes the publishers the book or the money back. Doesn't she have to do something or face other Senate ethics violations (okay, okay, you can stop rolling on the floor laughing now).
I think the brunt of Wright's problem was that he sold the book in lots of 1,000 at $10/copy (or something like that), plus his 55% "royalty."
-PJ
"I agreed to deliver a book? Are you absolutely sure about that? I simply can't recall such a deal....."
I think you raise a valid point.
During a time of flush economic confidence, Viacom/Miramax decide to help Hillary with her Gift Registry to the tune of eight million.
Turns out, they didn't give it to her in one lump sum, but she has enjoyed (and likely spent) almost three million. Now she expects the rest of her bribe. A deal's a deal.
She starts making demands...and the economy has changed. Things are tougher, and the generous feeling have faded on the part of the bribe-er. Hillary wants her promised five million, of the original eight.
So Simon and Schuster leaks an embarrassing fact...they're shocked, just shocked that Hillary hasn't come up with her tome of deathless prose. This will make Hillary back off her demands. She is beginning to figure out she isn't getting her five million. I'm sure she'll come up with a piece of drek to satisfy the original "contract." She spends money quite prodigiously, and three mil after taxes does not support her lifestyle for long. I guess Bill could chip in a little...
S and S would like to keep its five million. But it will eventually have to fork it over.
- Sex, Lies, and FBI Files
- Sex, Lies, and Linda Tripp's Tapes
How about "Heil To The Queef"?
You can carry the loss until you use it. But when you use it, it still is only a $750,000 tax savings.
In other words say you break even this year except for the $2.5 million payment. Therefore, you have a $2.5 million loss and owe no taxes. So you carry the $2.5 million loss over to next year. Next year you make $3.0 million but you have a loss carryover of $2.5 million from the prior year, so you only have to pay taxes on $0.5 million instead of $3,000,000, your savings is 30% times $2.5 million. It's still only a $750,000 tax savings.
And you would always rather have the $2.5 million you paid to Hillary and pay the $750k of taxes.
(Unless of course, it's a way of laundering a bribe as has been insinuated by others) Then instead of being out $2.5 million in bribes and probably looking at jail time. You are out only $1.75 million after taxes and home scott free.
In the real world, lying under oath is perjury; for the 'toons, it's "contempt of court", no jail time, and your library donors pick up the tab.
Chapter One of the new book will be titled, "Why Danny Williams looks more like Bill than Chelsea does."
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