Friday, January 14, 2011

Really, Mr. President? $1 Billion to Get Re-elected

Bracing for a half-billion-dollar onslaught of outside GOP cash in 2012, President Barack Obama’s advisers are quietly working to bring back together the major donor base that produced a record-breaking fundraising haul in his first run for president.

In the past few months, Democratic National Committee aides have contacted several of Obama’s earliest financial backers to brainstorm about when and where to host the first money-raising events. Several big donors said they expect the Obama 2012 operation to open its doors this spring, with a string of fundraisers to generate the early cash needed to rebuild the president’s high-tech campaign operation.

But already some of Obama’s top financial backers are warning the White House: Raising money won’t be as easy this time around.

“They are getting organized in Chicago to start a massive two-year campaign, which I believe will be successful, but has extraordinarily large challenges in some of the major states,” said Philadelphia philanthropist Peter Buttenweiser, who hosted one of the first Obama presidential fundraisers in 2007 and is in talks to organize an early one for the re-election.

Obama’s team is running into resistance in at least one key fundraising hub — New York City, where some of Obama’s biggest 2008 backers have bitterly protested last year’s passage of financial reform legislation and what they perceived as an unfair bad-mouthing of bankers during the debate. READ MORE...

1 comment:

  1. well he can't run on his success, his record or his accomplishments (ruining health care-raising gas prices- handling of BP oil spill- several thousand broken promises/lies- further destroying housing market-raising debt-failed stimulus 1-2- dividing Americans like never before- trying to control what you eat, energy you use, cars you drive, the internet and ignoring border violence to name a few)

    But lucky for Obama we have millins of dumb idiots who can vote. young college students- dumb black voters, naive white women, and throw in ACORN, voter fraud, the ObamaMania media lying about his improving of the economy and guess what- he has a chance. And dumb Americans deserve everything coming down the pipe.