If he loses reelection, the rap on Obama will be that he failed to revive a floundering economy. A "Yes We Can Foundation" could help redefine how Americans remember him-but it's unclear what tack he would take. His personal passions are hard to pinpoint, perhaps because he has spent so much of his term putting out fires, like the debt-ceiling debacle. When it comes to pet causes, observers are mostly left guessing: Carter thinks Obama might focus his attention on improving American relations in Asia. Beschloss envisions a more domestic agenda. "One could easily imagine him starting a foundation or institute that might address health care," he says.
Annual earnings: $0
Likelihood: High (once he figures out a cause)
5. Obama 2016
Previous Four former presidents have resought the White House (and more have tested the waters). Only Grover Cleveland, in 1892, succeeded. Would Obama do the same? Born in 1961, he could be a viable candidate not just in 2016 but, theoretically, in any election through the 2030s. "It's less driven by his age, and more by the margin of defeat," says Fleischer. A landslide loss in November 2012 would rule him out forever. "But if it's a close loss," Fleischer says, "Barack Obama is gonna get asked regularly: 'Are you running?' 'Will you rule out running?' 'Has he been Shermanesque yet?'?"
If Obama were tempted to campaign again in 2016-and here the hypotheticals really begin to pile up, although they are intriguing-the primary battle could be every bit as pitched as a general-election rematch. Vice President Joe Biden has repeatedly refused to rule out a run, telling NBC this month, "I am never ready to close the door on anything." And there's always the possibility of another Hillary Clinton candidacy. The secretary of state said in October that she would not run again for president, but her husband enjoys fanning the flames of speculation. "You'll have to ask her," he said this fall. "If she wants to come home, I'll be happy. If she wants to serve, I'll be happy. But she has to decide that." Clinton would be 69 in November 2016; Biden would be 73. Obama? Just 55.
Annual Earnings: $400,000
Likelihood: Don't count on it
6. Chief Justice Obama
Early in the 2008 race, pundits liked to muse that once in office, President Hillary Clinton could appoint the engaging young black guy from Illinois to the Supreme Court. And there has always been a notion among the chattering classes that Obama-who logged more than a decade teaching constitutional law at the University of Chicago-is better suited temperamentally for the judiciary than the executive branch. A devout wonk and nuanced thinker who occasionally betrays disdain for the political process, Obama could use a judgeship to retreat from partisan warfare while still maintaining influence. And given his talent for strong prose, his written opinions could quickly become greatest hits for the law-school set. So could the Supremes one day welcome a Justice Obama?
"It's not a crazy idea," says Jeffrey Toobin, author of The Nine: Inside the Secret World of the Supreme Court. "There is a long history of elected officials being named to the Supreme Court ... and Obama himself has said he thinks that tradition should be revived."
There's a precedent: President William Howard Taft served as chief justice for nine years. But Obama's political experience doesn't make confirmation a sure bet. "The process is so partisan, he doesn't have the traditional qualifications, and you know Republicans are out to get the guy," says Toobin.
Of course, Obama would have to wait for another Democrat to occupy the Oval Office before he appeared on any shortlists (most likely to replace liberal Justice Ruth Bader Ginsburg). But even in 2017, he'd still be young enough to give decades to the court. After all, he's stopped smoking.
Annual Earnings: $213,900
Likelihood: Long shot
7. Bestselling Scribe
Previous On a publisher's list of most coveted American authors, where would ex-president Barack Obama rank? "Most. Coveted," says Simon & Schuster publisher Jonathan Karp. "I've thought a lot about this. I don't think there's anyone else."
Obama was a bestselling author even before his inauguration, first with his memoir, Dreams From My Father, and then The Audacity of Hope. He has a deal with Crown to write another nonfiction book when his term is up, for an undisclosed amount. Editors have been loath to speculate openly about what price Obama's deal would bring. But with his proven appeal and decades of literary productivity ahead of him, Obama could very likely top the reported $15 million Bill Clinton got for his memoir, My Life, or the $7 million George W. Bush is said to have received for his Decision Points.
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