(CNN) - Is California President Barack Obama's ATM?
The president heads to California Wednesday for four fund-raisers. It's his third fund-raising swing through the Golden State over the past month.
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The president's raised over $44 million in California this cycle, according to data through the end of April from Political MoneyLine. That's nearly $16 million more than the amount Obama's raised in New York, which is second when it comes to contributions for president.
But the fact the Golden State is number one is no surprise.
"California has been a critical source of funds for Democratic presidents since the Warner Brothers helped lead Hollywood into Franklin Roosevelt's camp in the 1930s. The rise of Silicon Valley in the 1990s reinforced California's importance for Democrats, providing them two lucrative sources of funds," says CNN Senior Political Analyst Ron Brownstein, the editorial director at National Journal.
"But the state may be more important than ever for Obama this cycle because Wall Street, another traditional bastion of Democratic fund-raising, has cooled so severely toward him. The slicked-back moguls of LA, and the laid back billionaires of Silicon Valley, may be the only sources Obama can tap to try to remain competitive with the mega-dollar conservative donors flooding GOP super PACS with dollars," adds Brownstein, author of "The Power and the Glitter," a history of the relationship between Hollywood and Washington.
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California's not only lucrative for the president, it's also the state that's contributed the most campaign cash so far this cycle to Mitt Romney. Obama's Republican challenger has raised more than $10.5 million in the Golden State, nearly $1 million more than he's collected in New York, which ranks second.
So when you wonder why both presidential candidates are spending so much time in a state that's clearly not in play in November's general election, stop wondering.
High taxes and a never ending budget deficit battle..., of course California and NY love Obama.
Why aren't all these rich California Democrats giving this money to Jerry Brown to help out their bankrupt state??? Instead they give it to Obama so he can bankrupt the entire country with a second term??? Why do they hate their state and this country so much??
I'm glad to see these liberals flush their money down the Obama tiolet! All the money in the world can't change his four year record of FAILURE.
Obama=$145 Romney=$54 Wall Street a stronghold traditionally for Democratic fund-raising? Billionaires of Silicon Valley for Obama? Thank you for this report CNN, it really clarifies things. Everyone kept saying that Romney had collected more money than Obama from these states but I can see he hasn't.
The problem is that you have to raise all this money to run for office is a problem. I would have hoped that the Supreme Court justices can now see the folly of their mistake. Allowing more money in is causing the wealthy to have more "free speech" than a poor American.
Virginia and Pennsylvania have already declared Obama their winner and so will California. Romney desperately needs these States to win and he won't.
I think what is really an eye-opener in this article is that it states that Wall Street is "another traditional bastion of Democrat fund-raising" yet Democrats are always fighting, hating and protesting Wall Street, the very stronghold of Democrat fund-raising. What gives???????
S.B. Stein E.B. NJ
Allowing more money in is causing the wealthy to have more "free speech" than a poor American.
This was the case before the decision. Nothing has changed. People that have more money can do more with it. If the poor want to buy TV advertisements then they can pool their money to do it or contribute their money as they have always done. Why do you think we should ALL be reduced to the lowest common denominator??? Total lunacy. Just curious, did you squeal like this when Bill Maher gave a million dollars to Obama's Super PAC? Probably not.
Claudia, Houston, Tx
Virginia and Pennsylvania have already declared Obama their winner and so will California. Romney desperately needs these States to win and he won't
Romney needs California??? And just about everybody has Virginia and Penn as battle ground states. NOBODY has them in the Obama column. Well, there goes what little credibility you had.
Mitt Romney's fundraiser is going to be held in a room with oil paintings by the Adolf Hitler himself. Romney is beginning to act like an equal opportunity hate monger. First birthers, gay bashers, anti-women, on and on, and now anti-Semitic.
We don't "think" much of Willard here and that says a LOT about this HOPES of becoming president.
Romney has only just started running as the republican nominee so he has not been fundraising like Obama who has been doing it for nearly 2 years now. Very soon Romney will surpass Obama in both money and votes so we are not worried. Romney in 2012!!!!!!!!!! Liberals/Democrats are running scared now...........Obama can move to Hollywood and became an actor that might be more his calling because being the president he has been a downright failure.
"because Wall Street, another traditional bastion of Democratic fund-raising, has cooled so severely toward him" tells me that if Wall Street has severely cooled toward President Obama, which is has...is that Obama is doing something right. I'm glad Wall Street has cooled on him. The more they distance themselves from President Obama, the better, showing the American people can...He IS for the 99% and NOT the Wall Street 1%. Look to Mass. and find out what Romney really did and not do. Gov. Patrick, the current Governor of Massachusetts, knows...he was on this past week's "Meet The Press". The mere fact that the frequency of Romney flip flopping his positions depending on his audience at the moment, is a very scary character trait for anyone to have...especially for someone who is trying to be President of the United State of America.
Hhhmmm..... I guess most of the "evil 1%" live in Cali.