4793419Barely two months after inauguration, President Obama will have to play cash cow for the Democratic National Committee once more. On March 25, Mr. Obama will attend the first fundraiser event since the start of his presidency, Bloomberg News reports.
The event will take place in the Warner Theatre in Washington, reports Bloomberg, with tickets ranging from $100 to $2,500 per person. Singer Tony Bennett will provide entertainment but Mr. Obama will of course be the main course.
But no matter how popular the new president is, asking for money could be hard when pockets have been emptied by the recession. There also could be "donor fatigue" from those who financed Mr. Obama's campaign, as Florida Democratic Rep. Debbie Wasserman Schultz told Bloomberg.
There's also a public relations danger in the appearance of Mr. Obama raising partisan funds so soon after the inauguration.
But the DNC may not have another choice. Bloomberg reports that the DNC had $5 million in debts through January 31, compared to the RNC which was debt-free in their latest report.