Ever since I heard the claim Obama will raise $1 billion, it has always seemed strange to consistently hear from the media his strength for re-election was so certain.  I mean why do you need a campaign ‘war chest’ if you are so keenly supported?  Just doesn’t make sense.Fundraising At The White HouseWASHINGTON — A few weeks before announcing his re-election campaign, President Obama convened two dozen Wall Street executives, many of them longtime donors, in the White House’s Blue Room. The guests were asked for their thoughts on how to speed the economic recovery, then the president opened the floor for over an hour on hot issues like hedge fund regulation and the deficit.

Mr. Obama, who enraged many financial industry executives a year and a half ago by labeling them “fat cats” and criticizing their bonuses, followed up the meeting with phone calls to those who could not attend.

The event, organized by the Democratic National Committee, kicked off an aggressive push by Mr. Obama to win back the allegiance of one of his most vital sources of campaign cash — in part by trying to convince Wall Street that his policies, far from undercutting the investor class, have helped bring banks and financial markets back to health. (read more)

Meanwhile Michelle Obama hits the campaign fundraising trail in California – (WHD) – It’s a common and questionable practice pursued by recent presidents, Republican and Democratic: Fly somewhere to raise money, throw in an official event, and have the taxpayers pick up the dime for some of the travel since a portion of the work is government business. Now, it appears, the first lady is and will be and active participant in this seedy practice, at an extra cost to taxpayers.

Mrs. Obama will be in California today and tomorrow, visiting Los Angeles, Pasadena, Oakland and San Francisco. She will hold two official “first lady” events and be the star attraction at FOUR fundraisers.

Whether she would have attended the official events if she wasn’t going to troll for money is anyone’s guess. But what seems likely is the cost of flying Michelle out to the West Coast so she can soak the legions of wealthy Californian Democrats for cash is being mitigated by having the official appearances on the schedule.  (read more)

Back at DNC HQ Debbie Wasserman-Schultz (aka Mrs. Batshitcrazy) spins the economic news to state “Obama has turned the economy around“….  wha, huh?

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