Hollywood's Shiny New Political Star

Sen. Barack Obama (D-IL) appears at his first campaign rally in southern California since announcing his presidential candidacy February 20, 2007 in Los Angeles, California. Obama is running second to Sen. Hillary Rodham Clinton (D-NY) in recent polls.
Getty Images/David McNew
This column was written by CBS News Early Show co-anchor Harry Smith.
It's good to be Barack Obama. So hungry is the Democratic Party for a fresh face, not to mention fresh rhetoric, that high rollers in Hollywood raised more than $1 million in a fundraiser for him on Tuesday night.

Obama is attracting the people and the press, and he is quickly pushing others out of the picture. Example: The earnest John Edwards held his own Hollywood fundraiser recently. He attracted no stars, and raised a measly $100,000.

Money can't buy you love, but it sure can buy you TV time. Bob Schieffer, who's been around more than a few political blocks in his lifetime, told me this morning that the current presidential campaign will be the first to surpass $1 billion in spending.

Obama is smart to strike while the iron is hot. His campaign has hit nary a bump. And there is nothing better in politics than momentum…or money.

Harry's daily commentary can be heard on many CBS Radio News affiliates across the country.
By Harry Smith