No doubt the reelection of Barack Obama as President of the United States will have tremendous impact on numerous industries. Here are my predictions as to how Obama's second term will impact the book publishing industry, which Nate Silver has said are 90.9 percent accurate. (OK, maybe not, but I'm pretty certain of at leastmost of these guesses.)
1) Obama the Moneymaker. With his reelection, Obama has solidified himself as a self-sustaining cash cow. Obama's first two books, Dreams From My Father and The Audacity of Hope, have sold well over four million copies. A second term means his books will continue to backlist strongly, whereas a defeat would have made his books more of a curio as the country shifted to a Romney presidency. It also means that, when Obama leaves office, he will do so having served eight years, and depending on how his second term plays out, permanent devotion from a large portion of the country. Jimmy Carter, the Democrat's last one-term president and frequent GOP punching bag, has published numerous bestsellers since leaving office, including a novel (!), and it's safe to say that if a post-presidency Obama wants to stay in the public eye as an author, he'll see strong success and sales. He is already rumored to be writing his next book with cherished Jewish activist Elie Wiesel.
Read the rest at Huffington Post Books.