Washington (CNN) - It's the last thing on his schedule Monday, but in terms of President Barack Obama's re-election effort, it may be his most politically important.
According to the official White House schedule, the president attends a Democratic National Committee event at the St. Regis hotel in downtown Washington, just a few blocks from the White House. While the gathering is not an actual fundraiser, a source with knowledge of the event tells CNN that Obama will meet with approximately 50 supporters and potential supporters of his 2012 re-election bid. Such gatherings often lay the groundwork for future fundraising efforts. Also attending the event is DNC Chairman Tim Kaine.
Obama raised a record breaking $750 million dollars in his 2008 campaign for president and could raise up to $1 billion for his re-election bid.
The gathering is the third time this month Obama has attended a party event. On March 4th he headlined two fundraisers in Miami Beach for Sen. Bill Nelson of Florida and the Democratic Senatorial Campaign Committee. Last week he helped the Democratic Congressional Campaign Committee bring in around $1 million at a fundraiser in Boston, Massachusetts.
–Follow Paul Steinhauser on Twitter: @psteinhausercnn
I doubt he's going to find as many people willing to shell out big bucks for his re-election after his dismal performance as President. An empty suit with an empty teleprompter.
Why is it no surprise that as our nation struggles under a Massive Mountain of debt, with Obama adding more everyday, and a Middle East in turmoil, raising gas and energy prices, and record long term UNEMPLOYMENT, we find out that Obama is spending his time fund raising for his reelection. When have we ever had such a total failure of Presidential Leadership!
'Obama to reach out to financial supporters'
And take more of their money?
I've never donated money to any candidates other than Republicans.
I think I'll send Obama's campaign a check.
It's time for a change.
$5, $10, $15, $25 and more from small contributors and we will get $2 billion for President Obama's re-election. We're just waiting for our call from President Obama.
ugh ... another goes out to asl for " seed" money.... he is as bad as the tv preachers allways begging for money....how about working on getting more jobs and getting our troops home...
He can count on me for the max contribution. Obama/Biden 2012!!!!!
All this coming from the party and President that claims the GOP buys political seats with donor contributions. Didn't the Dems tried to limit political contribution to candidates? I guess it applies to everyone else, but themselves. Spending 700 million to 1 billion to be President sounds a lot like buying the Presidency to me. Not to mention a large portion of that contribution comes from shaddy sources (unions & foreigners). I believe Obama still haven't fully disclosed his funraising sources from the 2008 elections. Another example of hypocrisy from the far left and the Democrats in general. People need to wake up and ask themselves what has Obama accomplish since he became President that he deserves another term?
Money money money. BDO: Billion Dollar Obama. And the whacked out loony lib Dems try to sell their fabricated story that it's the Reps which have the big money people. Please don't insult George Soros and Warren Buffet that way!
I wonder how he will bribe them this time?
Don't forget to reach out to all of the foreigners who financed your first campaign. I hear they are all in favor of your policies that weaken the US in an attempt to level the playing field for others at our expense.
Wonder if he could possibly be as successful at raising money to lower the debt? Nahhh, just to buy the election.