President heads to Big Apple for big bucks
April 27th, 2011
01:09 PM ET
11 years ago

President heads to Big Apple for big bucks


Washington (CNN)– If you are looking for a good place to raise campaign contributions, New York City is pretty much the smartest and most lucrative choice. And that's where President Barack Obama's headed, as he headlines three fundraisers Wednesday night in New York City.

The first gathering is a dinner at the home of Jon Corzine, the former governor and senator from New Jersey. Democratic sources tell CNN this is the linchpin of the three fundraisers because of Corzine's ability to bring Wall Street back to the president, a constituency that has felt alienated by Obama's tough stance on financial regulatory reform.

Bold faced names expected to attend include Wall Street bigwigs Bradley Abelow of MF Global, William Lauder, and Ben Lambert as well as politicos Kerry Kennedy and Ned Lamont.

The second event is a dinner at the Waldorf Astoria hotel. A Democratic source with knowledge of the events says there will be approximately 400 people at the first two events.

After the two dinners, the president heads to the Town Hall, a theater hall in midtown Manhattan. Approximately 1,300 guests are expected to attend the third event, with The Roots, a hip hop/neo soul band, performing.

"The events are designed to include the broad range of the president's supporters with tickets starting at $44 and ranging to the legal maximum limit of $35,800," the source tells CNN.

All money raised is expected to go to the Obama Victory Fund, which is split between the president's re-election campaign and the Democratic National Committee.

New York County (better known as the borough of Manhattan) was the source of $200.9 million in federal contributions during the 2008 campaign cycle, the highest total for any county in the United States, according to Federal Election Commission data compiled by the Center for Responsive Politics. Seventy-seven percent of the contributions went to Democratic candidates, party committees, and Democratic-leaning organizations, with 22 percent going to Republican candidates, party committees and GOP-leaning groups.

The New York City events bring to an end the president's first round of headlining fundraisers. Obama announced on April 4 that he was setting up his re-election campaign. Two weeks ago he personally kicked off his fundraising drive by headlining three events in his hometown of Chicago. Last week he was the main attraction at fundraisers in San Francisco and Los Angeles.

Obama shattered all records by raising nearly $750 million in his bid for the White House in 2008.

CNN's Robert Yoon and Ed Henry contributed to this report.

–Follow Paul Steinhauser on Twitter: @psteinhausercnn

Filed under: 2012 • President Obama
soundoff (24 Responses)
  1. ConservaFASCIST -aka- Mammon

    The President is on his way to reaching a billion in the war chest. That's why these republicans are dropping out of the race.

    April 27, 2011 01:16 pm at 1:16 pm |
  2. Trish

    When does this guy work? This is the third time in a month that he has gone to New York to suck up to fat cat Wall Street bankers for their money. What a joke! I am a democrat turned independent because of this liar, thief, race baiter, he makes me sick to even see his face. 2012 can't come soon enough!
    p.s. I'm also african american, so how do you like them apples!

    April 27, 2011 01:20 pm at 1:20 pm |
  3. Dominican mama 4 Obama

    Obama shattered all records by raising nearly $750 million
    Get the hammer ready.......we're IN and we're going to make sure that he shatters his previous record!!!

    April 27, 2011 01:31 pm at 1:31 pm |
  4. NOBAMA 2012!

    Campaigning for an election 19 MONTHS AWAY, while still in office and America in shambles. Way to go Obama, who cares about the economy, jobs, and $4 a gallon for gas, he has more important things to worry about. Raising ONE BILLION DOLLARS to trick you zombie's into voting for him and his failed policies again. This guy is a joke, and yet you CNN/MSNBC zombies still think he is doing a good job???

    April 27, 2011 01:34 pm at 1:34 pm |
  5. Sgt Schultz

    Send the man some $ so we can compete against the Republicans and their army of special interest lobbyists that have unlimited $$$ from multi-national interests or groups that are not even based in the U.S.

    Democracy is for sale. I am fighting back and sent $ to Obama to stand-up for the middle class.

    April 27, 2011 01:34 pm at 1:34 pm |
  6. Dave IL

    Obama has an unbelievable schedule trying to deal with the domestic deficit crisis and 3 wars;

    a trip this morning to Chicago to tape an Oprah show followed by a trip to New York this evening to raise campaign funds at three separate events. Did he leave Joe in charge at the White House?

    April 27, 2011 01:35 pm at 1:35 pm |
  7. Get A Grip

    Oh, now why on earth would Obama want to worry about little pesky things that are destroying (he's the biggest destroyer to America) our country when he can run around our nation campaigning and leaving his carbon footprint everywhere.

    WARS, HIGH UNEMPLOYMENT, HIGH GAS PRICES, OUR BROKE COUNTRY and the list goes on. Naw, Mr. President don't worry about the things that are killing us, you just keep that campaigning going....What a failure this man is as President!

    April 27, 2011 01:40 pm at 1:40 pm |
  8. Howard

    If Obama is doing such a great job, why does he have to spend a BILLION dollars to get reelected ???

    April 27, 2011 01:50 pm at 1:50 pm |
  9. mfn57

    For all the accusations that the Republicans are the party beholden to corporations, does any one with any sense think that Obama is not? He's not raising his projected $1 billion in campaign donations via $10 internet donations. Why does he need $1 billion if we are told constantly that any Republican candidate has no chance? Every new Republican hopeful is attacked as much as possible by the media. so does the media and the Democrats fear that the electorate might not understand how much we need an Obama second term that this type of money has to be spent? Or is this just rank bribery by the rich to keep their tax payments at 0, and their bonuses flowing?

    April 27, 2011 01:52 pm at 1:52 pm |
  10. GI Joe

    Attaboy! Go Obama Go.

    April 27, 2011 02:00 pm at 2:00 pm |
  11. R

    In an earlier article, President Obama said "the country has pressing fiscal and other priorities..." Those priorities include campaigning in New York?!

    Are there ANY elected officials doing anything other than campaigning nowadays? We truly are being goverened by a group of self-serving five year olds, the ones that run around screaming "mine! mine! mine!" And sadly, there are those that will actually contribute money to both political parties, just like the good puppets they are. It's bad enough that a portion of my paycheck goes to taxes, which in turn gets spent foolishly, but the very notion of giving either political party any amount of money makes me sad and sick at the same time.

    April 27, 2011 02:07 pm at 2:07 pm |
  12. jeff

    So this and doing Oprah's show is the "more important issues" that he referred to this morning?

    April 27, 2011 02:11 pm at 2:11 pm |
  13. Rudy NYC

    Is it coincidence that he releases a birth certificate on the same day that he comes to Trump's hometown, NYC?

    April 27, 2011 02:13 pm at 2:13 pm |
  14. BeverlyNC



    We are so sick of lying racist blackmailing Republicans who know nothing about economics, foreign policy, and who care notthing about the American People. Their only goal is steal money from state programs and the PEOPLE and give it to corrupt corporations who make record profits but pay NO taxes.

    Republicans are also out to destroy not only Medicare and the lives of Americans but to destroy our very Democracy. All over the nation, Republican states are paasing unconstitutional birther laws and voter suppression laws. Just one example – in Florida, it is almost impossible to register to vote with ridiculous new guidelines that kill a 100 years of voter registration drives. Now you have to have special permits and if you register voters you have 48 hrs to get every single form into the election office or face a $1000 fine for EACH form you did not get in immediately. If you are woman and get married and change your name – you cannot vote in the next election! If you move and change counties, you cannot vote in the next election! The state Republicans have also reduced the popular "early voting" to just a few days instead of 2 weeks. This will cause long lines at polls and discourage people from voting.
    Voting is one of our most basic freedoms and Republicans are trying to KILL our right to vote thinking it will keep them from being beaten in 2012.
    We should make extra efforts to expose these corrupt Republicans, vote them OUT, and take them to court for viiolating our Constitution. They are sick, twisted, lying, non-leaders who ALL need to be thrown out of office so we can restore our economy THEY destroyed under Bush, restore our voting rights, restore worker rights, strike down birther laws, make their racism an issue for all to see, and restore our Democracy and move America forward with jobs, education, investioments in our infrastructure, and our FUTURE!! No more tax cuts for the wealthy, No more Republican subsidies to oil companies that eat up 14 BILLION of our budget. No more tax loopholes for corporations and they will pay their taxes like everybody else. We will restore the American dream and American values.......all possible with NO Republicans in any office.

    April 27, 2011 02:19 pm at 2:19 pm |
  15. kathryn

    "If you are looking for a good place to raise campaign contributions, New York City is pretty much the smartest and most lucrative choice. And that's where President Barack Obama's headed, as he headlines three fundraisers Wednesday night in New York City. The first gathering is a dinner at the home of Jon Corzine, the former governor and senator from New Jersey."
    So, if he's headed to the home of Corzine, you can't say that he's going to NYC; that means he'll be in NJ. Fact check, please!

    April 27, 2011 02:20 pm at 2:20 pm |
  16. nobama

    Isn't this a "distraction" from the important problems in this country? Isn't that what he said in his birth certificate statement this morning? What a joke.

    April 27, 2011 02:24 pm at 2:24 pm |
  17. Unemployed Joe

    Since slightly before Obama has been in office I have been unemployed, three years...I am a well educated professional in the engineering disciplines both civil and environmental. All Obama has done is non stop campaigning, expand government, push a healthcare bill that the majority know wont work, start yet another war, play golf, vacation, play basketball and give inept teleprompter campaign speeches. Where are the jobs, I am in my mid fifties, I was at the height of my career with a family to support, now I am unemployed and in fear of tanking, where are the jobs?

    April 27, 2011 02:25 pm at 2:25 pm |
  18. Rick McDaniel

    All the money in China, is not going to buy him the office, this time around.

    April 27, 2011 02:25 pm at 2:25 pm |
  19. diridi

    Good luck to you, we love you. I shall send some money for re-election. just concentrate on the things you are, energy, infrastructure, science, and tech, and R and D, etc, these nation needs direly....not birth certificates...tell those GOP thugs, and idiots...yes, economy is improving....bust Oil speculators....bust banks who are charging visa and M/C 30 percent interest rate.....god bless, Obama 2012!!!!!Watch Inflation, Milk Prices., etc,

    April 27, 2011 02:29 pm at 2:29 pm |
  20. Claudia, Houston, Tx

    Despite all the Republican "mud slinging by Trump, Gingrich, Romney and trash street talking Palin tells us all something about our President, he's in it for us and keeps his head above the bar. We will let the Republicans keep up the mud slinging because that's something we can find on any street corner or dark alley and I avoid that like the plague.

    April 27, 2011 02:32 pm at 2:32 pm |
  21. Gorbashov - Long Beach, Ca.

    Let's start raking it in!

    Post Citizens United, the Plutocracy that runs the place will be spending a billion plus to defeat our President, and install one of their cronies!

    Yes We Can.................keep creating 200,000 jobs a month!

    Thank you Mr. President!

    April 27, 2011 02:38 pm at 2:38 pm |
  22. David in Chicago

    Obama 2012! I'm donating...

    April 27, 2011 02:40 pm at 2:40 pm |
  23. DOCinPA

    I'm sure there will be those that will vociferously criticize President Obama for campaigning instead of leading. They'll, of course, ignore the fact that pretty much EVERY president has done the same thing, commensurate with his own time and setting.

    April 27, 2011 02:42 pm at 2:42 pm |
  24. obama victim

    Barry is very good at campaigning...actually being president?? not a chance

    April 27, 2011 02:42 pm at 2:42 pm |