(CNN) - In an appearance Sunday alongside President Barack Obama at a fund-raiser for Obama's re-election effort, former President Bill Clinton took a shot at the president’s likely Republican presidential rival, Mitt Romney.
The president has “got an opponent who basically wants to do what they did before – on steroids,” Clinton said, according to pool reports. "Which will get you the same consequences you got before, on steroids."
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The event took place in Virginia at the home of former Democratic National Committee Chairman Terry McAuliffe.
Chiming in, Obama said in terms of foreign policy he and Secretary of State Hillary Clinton, “have spent the last three and a half years cleaning up after other folks' messes.”
The president also poked fun at Romney, mocking the former Massachusetts governor for referring to Russia as the country’s “number one geopolitical foe.”
“I didn’t know we were back in 1975,” Obama said.
More than 500 supporters were set to attend the reception with the two presidents, and 80 were scheduled to attend a dinner at the house. Tickets for the reception started at $1,000 a person and tickets for the dinner were $20,000 a person.
The event was the first of three joint fund-raisers that Obama and Clinton will headline together.
“You guys get two presidents for one, which is a pretty good deal,” Obama told the small Virginia crowd Sunday, while standing on a stage set up underneath a white tent.
Also in attendance were former Virginia governor and current Senate candidate Tim Kaine, as well as Rep. Jim Moran and state Sen. Barbara Favola.
Joking with the crowd, Obama talked about Air Force One as one of the perks of being president, saying Clinton misses the plane.
"I'll miss it, too," Obama added.
Drawing loud cheers, a woman in the audience quickly shouted, "But not yet!"
A spokeswoman for Romney's campaign reacted to the joint appearance but criticizing Obama's economic record, including the unemployment rate and current national debt.
"President Obama may be able to convince his friends to tout the slowest economic recovery since the Great Depression, but the American people deserve better," Andrea Saul said in an email.
– CNN's Ashley Killough, Kevin Bohn, Steve Brusk, and Gregory Wallace contributed to this report