Obama heads to Chicago for first fundraisers for his 2012 campaign
President Barack Obama in Fairless Hills, Pa., Wednesday, April 6, 2011.
/ AP Photo/Pablo Martinez MonsivaisIn Chicago on Thursday night, Mr. Obama will have his hand out at three fundraising events to benefit the Obama Victory Fund, a joint account of the Democratic National Committee (DNC) and of his campaign committee, Obama for America.
In the neighborhood of 2,500 supporters are expected at the three events and will pay between $100 and as much as $35,800 per person for the privilege.
Campaign and party officials bill the larger, five-figure contribution as the "maxout." With the signing of a single check, a big-money contributor can make the legal maximum contribution this year to the Obama campaign committee and the DNC.
It breaks down as follows:
- $2,500 legal maximum for the Obama Campaign to use in the primaries;
- $2,500 legal maximum for the Obama Campaign to use in the general election;
- and $30,800 maximum individual contribution to a political party in a given year.
The fundraisers are being staged at two eateries in Mr. Obama's hometown: the N9NE Steakhouse and the MK Restaurant. It's topped by a fundraising rally of sorts at the Navy Pier on the lakefront.
Tonight's events are the first fundraisers Mr. Obama will have attended since filing documents with the Federal Election Commission on April 4th that make him an official candidate for president.
The first time around, the Obama campaign raised $774 million over two years - the most ever raised by a presidential campaign.
Political analysts suspect that in this cycle, the Obama campaign could be the first to raise a billion dollars on behalf of the president's re-election.
It's clear deficits are not an option in Mr. Obama's bid to serve a second term.
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How can america be so stupid, or greedy?
His horrible energy policy, along with unrest in the middle, is about to give Americans $5.00 per gallon gas. This will slaughter any economic recovery (and we have had very little of it) of the nation.
He and other Democrats forced a disastrous health care law on this nation, and did not even give legislators time to read the bill before the vote.
This President has been more reckless and extreme in policy and action than any I can recall. American businesses are still unsettled and struggling, and this President is about to lay heavier taxes on them and taxpayers. This will cripple the economy and jobs even more. We are in big trouble, and he continues to drive the nation off a cliff. Still people are cheering him on and giving him money.
It is almost incomprehensible that he would still have supporters.
Corporate, union etc. contributions should be limited to $10,000.
Maybe then less corporate etc. influence in how the government is run
would improve the financial health of the US.
We might actually get a President who is not bought and paid for by $1 BILLION worth of corporate influence.