June 18th, 2009
10:28 AM ET
6 years ago

President Obama back on the fundraising circuit

A glimpse of one of Obama's fundraising appearances as president.
A glimpse of one of Obama's fundraising appearances as president.

WASHINGTON (CNN) – President Obama will deliver the keynote address at a joint fundraiser tonight for the Democratic Senatorial Campaign Committee and its House counterpart, the Democratic Congressional Campaign Committee - the fifth time in six months he's used his presidential star power to boost his party's fundraising fortunes.

Since taking office in January, Obama has headlined two party fundraisers in the nation's capital, one in Beverly Hills, California, and another in Indianapolis, Indiana. While in Indiana, he also served as the main attraction at a fundraiser for that state's Democratic representatives. Last month, he gave the keynote address at a fundraiser in Las Vegas for Senate Majority Leader Harry Reid.

As CNN reported earlier this week, sources familiar with the event say the dinner will raise around $3 million, which falls far short of a recent GOP congressional fundraiser headlined by former House Speaker Newt Gingrich. Spokesmen for the National Republican Congressional Committee and National Republican Senatorial Committee said $14 million was raised at that event, held earlier this month in Washington.

Still, the two fundraisers are difficult to compare because Democrats refused donations from registered lobbyists and political action committees for this dinner. Obama does not accept contributions from political action committees and lobbyists.

While lobbyists and their big bucks won't be around tonight, they and their personal donations will be welcome tomorrow morning at a Democratic event at the same hotel that is not subject to Obama's lobbyist restrictions.

One of the Democratic sources said that attendees at this week's fundraiser are primarily new donors, while the other source noted that the ban on lobbyist and PAC donations was a temporary measure for this dinner, and that those traditional contributors will continue to give to congressional Democrats.

Still, the sizable money gap raises questions as to why a popular president and the congressional Democratic majority were not able to pull in more money at a major fundraiser.

A year and a half before the 2010 midterm elections, the congressional campaign committees are aggressively seeking to raise money. In the latest Federal Election Commission disclosures, the DSCC was carrying a debt of $4.6 million with a cash-on-hand balance of more than $2.6 million; the DCCC was $7 million in debt, and had $4 million in the bank; the NRSC had $2.6 million in the bank and no debt; and the NRCC was $5 million in debt and had about $3.7 million cash-on-hand.

While the President speaks in prime time, Vice President Biden will kick things off earlier in the day, addressing the DSCC/DCCC fundraiser this afternoon.

– CNN's Paul Steinhauser and Mark Preston contributed to this report


Filed under: President Obama
soundoff (126 Responses)
  1. Andrew, Buffalo NY

    It's amazing how many sheep are out their, paying money to see this fool. How about figuring away to pay off the 10 Trillion in debt you will rack up.

    You will need all the money you can get, as you will only be a 1 term POTUS!

    June 18, 2009 11:53 am at 11:53 am |
  2. Fed Up

    Obama is the man of NO position on anything. Too bad you didn't figure that out before you voted for him. His record clearly showed when all he did was vote "Present". All he knows how to do is campaign and raise money. Wake up before this country is bankrupt!!

    June 18, 2009 11:54 am at 11:54 am |
  3. Expat American

    Doug, New Jersey:

    We get it, you're a Republican. Other than that, what in Sam H*ll are you talking about? Liberals are all about hate etc....? You sound like some polyester leisure suit preacher speaking to a congregation of 11 in the middle of some cornfield in the pouring rain.

    Go look up 'Palin mob' to find the best example of the 'people who have morals, values, decency, respect, integrity'. Those are 'your people'...not ‘lib’s...

    You are a very angry soul. I pray you find something or someone to make you smile. Everyone deserves to smile.

    June 18, 2009 11:55 am at 11:55 am |
  4. George Carlins got to be laughing

    Republicans live to fear everything and only have there narrow view which is "Me, myself and I' . They have no reguard for others or the welfare of our great country.

    June 18, 2009 11:55 am at 11:55 am |
  5. Jeremiah

    And for those of you who think he's doing a great job, please, explain why?
    1. Has he decreased the jobless rate of our nation? No, it's raised to 9.5%.

    2. Are we out of Iraq? No, and even when we do pull out, Obama wants us in another country we don't belong in, Afghanistan.

    3. Has he decreased the deficit? No, he's increased it substantially to the point that who knows how the hell we are going to pay for it. But why worry about it right? That's just the future.

    4. Has he bettered international relations and closed GITMO? Yes, the only good point he has over Bush. Other than that, they are the same, just Obama actually sounds intelligent when he speaks. Wow, that makes him a GREAT president.

    Please step back from your political blinders for a moment and actually think about it. What has he accomplished? Wow he wants to change heatlh care, education and everything else. Yet, nothing has changed yet, and our debt continues to sore. And you already call him great. You people are like the Bush era sheep. You don't pay attention to facts.

    June 18, 2009 11:57 am at 11:57 am |
  6. TCM

    @ Esco –

    Good point...we should all help out...however, I don't need Obama telling me that. My family was helping out in the community and this country when Obama was a twinkle in his Kenyan daddy's eye.....

    So, the 600k jobs is a political ruse, designed to once again fool the masses of liberals into thinking he's actually done something. In essence, the 600k jobs, if created by the gov't are a HANDOUT, and not a real job. A real job would produce value, service or a product that in turn gains profit. Part of that profit goes to paying the person for executing the job....where's the profit or return to fund the jobs that Obama wants to create? There is none! How's he going to do it? Through heavy taxation....hell, a blind man could call that one!

    June 18, 2009 11:58 am at 11:58 am |
  7. NoTelePrompTer

    To Whatz up:
    You show how ignorant you are by your statements. You are the kind of person that actually believes everything Obama says. Where and when have Obama's school transcripts ever been published? We know by his own admission that he WAS NOT a great student in high school and no one has published his grades from college. You are confusing arrogance with intelligence. He has identified problems but has NO solutions to any of them. All he does is apologize for the United States to countries that wouldn't even be in existence today if it weren't for the U.S.
    His main talent is campaigning and he started that years before any other candidate in history and is STILL running around the country campaigning.

    June 18, 2009 11:58 am at 11:58 am |
  8. Jeremiah

    All republicans do is complain, and all democrats do is mock. You people are useless.

    June 18, 2009 11:58 am at 11:58 am |
  9. The lonely Libertarian of Liverpool NY

    No, No and NO I’m sick of being lied to by both parties, Democrats and Republicans say one thing do another and it is the people of America who pay the price in the loss of their freedom, job, home, and health. Remember us “We the People”? We are a free country or at least it used to be that way. Now you only have as much freedom as you can afford. Now we are told to be thankful for what we have. And you know what we are thankful for what we have, but we should have the same rights and freedom as a rich congressman. Our government is working for everyone but the people; they are in election mode 100% of the time, accepting money, gifts and favors from the lobbyists, Wall Street, banks, global Corporations, auto industry and unions. The last thing on their mind is “We the People”. My freshman congressman has set a new record for money collected by a freshman since starting his new job in January 2009.

    June 18, 2009 11:58 am at 11:58 am |
  10. TCM

    @ laugh at comrade Limbaugh daily –

    Rush is an entertainer...yet, has Obama rattled...hmm...why is that? Perhaps it's the "hate," he spews?

    Liberal translation:

    Hate = truth being told...

    Never, in the history of this nation, has a president been so rattled by an entertainer....Why? No liberal can defend, with any substantiation, Rush's comments. Sure, Rush popped pills, has an abrasive personality...but, he speaks the truth..and libs just get all squishy with that...

    June 18, 2009 11:59 am at 11:59 am |
  11. Robin

    Fair is Fair June 18th, 2009 11:15 am ET

    @ Robin, who said, "Would be real funny if he someone challenged him for the nomination for the next election."
    _________________

    Funny?… yes. Needed?… yes. Unprecedented?… no. Happened to Jimmy Carter, and it wouldn't surprise me if it happened to Jimmy Carter II.
    =====================================================

    Let's hope the man/woman who challenges him is successful.

    He is nothing but an empty suit. He stays quiet about real issues, because he has no idea what he is doing.

    This man is destroying us and smiling at the same time.

    June 18, 2009 11:59 am at 11:59 am |
  12. David

    It's what he does best.

    June 18, 2009 12:01 pm at 12:01 pm |
  13. citizenjane

    Hey TCM, my husband, who is a member of the Honor Guard at our local Legion, recently played taps at the funeral for a veteran of WWII. Using your military experience as a means to opinionate with such anger and personal assaults isn't honoring yourself, or those millions of others who have also defended this country.

    June 18, 2009 12:02 pm at 12:02 pm |
  14. David

    The GOP need to use the bribe money from corporations, lobbyists, action to pay off GW Bushes' $1 Trillion deficient he left the American people to deal with, when Clinton left him a $1.5 Trillion Surplus.

    Also, it's ONLY the right wing extremists are already in the GOP camp, that will support them in any election. Because over 65% of Americans have already rejected the GOP across the nation.

    So no matter how much money they waste trying to sell fear and war mongering, along with failed concepts, they will only be rejected even harder. The party of NO will receive another very clear NO.

    June 18, 2009 12:02 pm at 12:02 pm |
  15. JayG

    Whatzup: TCM has it right, you are just a Bush hater and are in luv with Obama, any criticism of him and you are extremely angry, I luv that you talk about Bush drinking and make no reference to Obama's admitted Cocaine use. People are allowed to criticize Obama you fool.

    June 18, 2009 12:03 pm at 12:03 pm |
  16. Fair is Fair

    George Carlins got to be laughing June 18th, 2009 11:55 am ET

    Republicans live to fear everything and only have there narrow view which is "Me, myself and I' . They have no reguard for others or the welfare of our great country.
    _____________________

    "welfare" being the key word here.

    June 18, 2009 12:03 pm at 12:03 pm |
  17. Unions are Great

    Unions have raised the standard of living for the middle greed is kept in check.We will never be slaves to republicans again.

    June 18, 2009 12:04 pm at 12:04 pm |
  18. TCM

    @Expat American –

    Polyester suit? What church are you going to? Rev Wright's?

    Doug in NJ doesn't sound angry...just because someone projects an intelligent, factual remark, and liberals don't like what they're reading doesn't make the author Angry....I don't think...you've...mastered...the art of communication....that's it! We need a Communications Czar to instruct us on how we should communicate with one another!

    Good job Expat!

    June 18, 2009 12:07 pm at 12:07 pm |
  19. David

    I think it's funny how people who refuse to take responsibility for anything in our country by hiding under the Independent or Libertarian umbrellas.

    This way they are free to complain about Democrats and Republicans and everything our government does, feeling they have no responsibility.

    June 18, 2009 12:08 pm at 12:08 pm |
  20. JayG

    @ citizenjane: Neither is using your husbands occupation as your own experience to chastize someone who has actually served themselves.

    June 18, 2009 12:09 pm at 12:09 pm |
  21. mj

    I will and have volunteered in my community on numerous occasions. I do not need my government telling me and asking me to volunteer to help others. And I will chose those that I help not some government fabricated list of recipients.

    June 18, 2009 12:10 pm at 12:10 pm |
  22. Jeremiah

    Unions are great- Yeah wow, unions have done an amazing job. I live in Ohio. Tell me, if they are so great, why is Michigan and Ohio going down the toilet? What have they done? All they do is demand higher and higher wages until the company is in a stranglehold and they in turn go under. Congrats, you are right, amazing job. Do yourself a favor, study a little history and see how great unions are. Oh, and the best part is if you DON'T want to be a "union man", the union turns hostile on you. That sounds fantastic. I want to be forced to pay dues to a group I think is worthless, otherwise I will be shunned by my fellow workers, that makes total sense. Unions are just gangs whom if you don't join, you are garbage and they walk all over you. You are totally right! Unions ARE GREAT!

    June 18, 2009 12:10 pm at 12:10 pm |
  23. TCM

    @Unions are Great –

    Dude, you're slaves to your union bosses, not republicans....like I said earlier...whose suffering right now? Obama, the union bosses, or the line worker? Hmmm?

    In fact, here in the south, where me and my redneck buddies live.....it's not widely known that DEMOCRATS were the majority of slave owners! Imagine that!

    Just because a republican takes a risk, starts a company, it prospers, and you get a job working for them, for which you're paid....doesn't make you a slave. It makes you an employee...and since it's a free country, go work somewhere else if you don't like your job. The repub that started the business took all the risk, why shouldn't be bask in his reward? If he fails, are you going to feel the same way? Study up on this whole employer-employee relationship thing...I believe you have some misconceptions.

    June 18, 2009 12:11 pm at 12:11 pm |
  24. girlymen love the GOP

    Even Arnold wishs he had great support like President Obama.We will send our hard earned working man dollars.I work the night shift,whats your excuse TCM,battle injuries from your supposed service.

    June 18, 2009 12:11 pm at 12:11 pm |
  25. Jeremiah

    David- we have a right to complain. You see, it's our nation too. I see a lack of responsibility in our leadership. Hence why unlike you, I don't align myself with either party, I instead vote for the candidate I think is best. Thanks for your pointless contribution to the discussion. I think it is wise to open your eyes and view the president in a light outside of his political party, so you aren't blinded. Congrats, novel idea I know. It's called "thinking outside the box".

    June 18, 2009 12:14 pm at 12:14 pm |
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