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11:15 September 16th, 2008

Financial gloom doesn’t halt glitzy Obama fundraiser

Posted by: David Alexander
Tags: Front Row Washington, , , , ,

So what does Barack Obama do after a hard day of defending the common man during the worst financial crisis since the Great Depression?
 
Throw a $28,500-a-head fundraising dinner, of course.
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Followed by a $2,500-a-head reception featuring Barbra Streisand singing a song or two.

The Democratic presidential candidate spent the day Tuesday campaigning in Colorado, where he talked to supporters about the mortgage crisis that has reshaped Wall Street and caused many people to lose their homes.
 
Speaking a day after the stock market had its worst day since 2001, he assured a rally in the Denver suburb of Golden that he understood the impact the crisis was having from Wall Street to Main Street.
 
“Jobs have disappeared, and peoples’ life savings have been put at risk. Millions of families face foreclosure, and millions more have seen their home values plummet,” he said.
 
“These are the struggles that Americans are facing. This is the pain that has now trickled up.”
 
Then he jetted off to Los Angeles Tuesday evening for a pair of glitzy fundraisers that could be the biggest for Democrats during this election cycle.
 
Republican John McCain lost no time pointing out Obama was courting the stars instead of ordinary folk. 
 
“(He) talks about siding with the people, siding with the people — just before he flies off to Hollywood for a fundraiser with Barbra Streisand and his celebrity friends,” McCain told a rally in Vienna, Ohio, a critical battleground state. “Let me tell you my friends, there’s no place I’d rather be than here with the working men and women of Ohio.”

Streisand, a Democratic activist and Oscar-winning actress and singer,  initially endorsed Hillary Clinton but has embraced Obama since he won the nomination.
 
The Illinois senator has put together a formidable fundraising machine that has attracted hundreds of thousands of small donors, pulling in $66 million in August alone. That compared with $47 million for McCain.
 
Obama’s fundraising skill prompted him to forego federal campaign financing, despite earlier pledges not to do so. That enables him to raise and spend more than he could if he accepted federal money. But it also means he has to spend more time off the campaign trail raising money.

Click here for more Reuters 2008 campaign coverage.

Photo credit: Reuters/Rick Wilking (Obama speaks in Golden, Colorado)

57 comments so far

My bet is that that these over paid, over rated, hypocritical, idiots who paid $28k had a great time riduculing those of us who are clutching our guns and clinging to our religion? What a bunch of hateful morons posting pro Obama comments! Does anyone know if the guest list is available on line?

- Posted by Joey

What a bunch of Morons! How do you think he raises money to pay for the campaign. Of course he has to hold fund raisers! Ther are a bunch of notwits here!

- Posted by John

The Dow crashed… He threw a party… But who wouldn’t? With guests paying $28k for the pleasure to rub elbows with him and Streisand herself singing for him - damn the Dow with S&P and NASDAQ, damn the torpedoes, the party must go on. Obama is so unstoppable now that probably only the repeat of 9/11 would stop him from flying off to the party - and even that only because it would ground all the jets, including his private jet.

- Posted by Anonymous User

Bad timing . . . very very bad Mr. Oh-I’m-so-close-to-the-common-man! Hello!? He’s so common that he’s hanging with the Hollywood liberals! He should have cancelled or sent a proxy…remember how the Republicans curtailed their convention because of the hurricane?! Guess what Senator Obama . . . there’s a hurricane on Wall Street and you should be hanging out on main street! Shame on you! I’m embarrassed to admit I almost voted for you! Thankfully you’ve helped me see what a stupid decision that would have been.

- Posted by LFforMcCain

Don’t worry about these little facts:

September 17 Wall Street Journal (Brody Mullins and Glenn R. Simpson): “Many of the fund-raising events that Republican rival Sen. McCain attends, including one in Miami on Monday, begin with a private cocktail hour with the Arizona senator for contributors donating about $25,000 each. Some events that Sen. McCain held this summer for his campaign and the Republican National Committee offered special treatment for couples who wrote checks of up to $100,000.”

But who cares?! It wasn’t with Streisand!

- Posted by Del Scemito

Mccain’s complaints and retorts are so hollow, he has been one step behind this whole time, when did Mccain dedicate any of his life to help those less fortunate than himself, Obama gave up big money as a lawyer for many years to help others.

READ THIS MCCAIN SUPPORTERS - REALITY CHECK

Obama has walked the walk his whole life, deal with it - and he is smart. Mccain graduated at the bottom of his classs and got elected to the Senate due to his rich wife.

- Posted by Scott Stevens

Does anyone care to remember that John McCain was involved with the “KEATING 5″? If you don’t know about
it look it up !

- Posted by wendy washington

[...] Reuters Blog:: The Democratic presidential candidate spent the day Tuesday campaigning in Colorado, where he talked to supporters about the mortgage crisis that has reshaped Wall Street and caused many people to lose their homes.   Speaking a day after the stock market had its worst day since 2001, he assured a rally in the Denver suburb of Golden that he understood the impact the crisis was having from Wall Street to Main Street.   “Jobs have disappeared, and peoples’ life savings have been put at risk. Millions of families face foreclosure, and millions more have seen their home values plummet,” he said.   “These are the struggles that Americans are facing. This is the pain that has now trickled up.”   Then he jetted off to Los Angeles Tuesday evening for a pair of glitzy fundraisers that could be the biggest for Democrats during this election cycle. [...]

- Posted by Barack Obama: Just a Regular Guy «

Well, it’s official, McCain has completely lost touch with reality. The last time I checked, Barbra Streisand was a working American woman. And yet I wonder how McCain affords all of his expensive luxuries on his senate salary…oh, that’s right I forgot, he doesn’t pay for them, he married for money! I guess Chuck Norris (an outspoken republican) is just as lazy and rich as Streisand, huh John? Republicans no nothing but hypocrisy. And to the fools out there who keep indicting both these guys for raising money to campaign, what freakin solar system are you living in? How do you think it gets done?

- Posted by Chibri

Very confused and wondering no end how the Hollywood elite could promote and contribute money and share their fame to Baracko with his uncertain position for Israel and its never ending conflict with the Palestinians and Arab Muslims. His bio and many say he is not a Muslim. Many also are very wary of his ever changing position on Israel and Jerusalem. Understandable because of his Muslim relations from his dead Kenyan father, Indonesian stepfather and Kenyan grandmother, half brothers half sisters, uncles, cousins, etc.

- Posted by Zee P Bee

What is wrong with raising money to pay for television time to inform the American public about the issues that are relevant to all of us? Now I remember, only Republican McCain is allowed to do that so that he can inform Americans that he was a POW and his pathetic running mate said “No” to the bridge to nowhere. Where is the liberal press we continue to hear about? Now I remember - corporations and right wingers own it all. What BS!!!!!!!!!!!!!!!!!!

- Posted by Victoria Epstein

I see the screeching commentary is alive and well here. Oh well: the perils of democracy!

For those who mock the lazy Hollywood stars as opposed to the hardworking public: who made those stars rich in the first place? Why, the hardworking public with their $10 here and $10 there (incidentally about the amount that the average everyman contributes to Obama to help make the millions - it’s not all huge corporate donatios, though they do exist). So exploration of this point does not enlighten.

For those who mock a $28,000-per-plate fundraiser as a sign of the candidate being “out-of-touch” it would be best to consider the personal histories of both candidates to see which one is truly out of touch - and even more importantly to compare the candidates’ relevant statements about the economy to see even further who is out of touch. Obama has spent part of his life working the “social trenches” and does not even approach the personal wealth that McCain’s estate possesses. But it is hard to avoid McCain’s own sense that he doesn’t think that the economy is in the kind of trouble that Obama correctly perceives.

The fundraiser per se - no matter the amounts of cash involved - say nothing about either candidate being out of touch, as such activities are the nature of the campaign beast today, a beast that the American public refuses to tame.

- Posted by DCEsq

Obama is going to need every single cent he can raise to bring down McSame and Bush-in-a-skirt! I for one am sick of their politics - I want change. Real Change. No to McBush!

- Posted by Sandra

Why not report the rest of the facts about Obama’s Hollywood fundraiser? That he could not stay for dinner, that he showed up very late, that he left to continue working and that when he thanked everyone who came to hear him speak, he reminded them that the campaign is “about those who will never see the inside of a building like this and don’t resent the success that’s represented in this room, but just want the simple chance to be able to find a job that pays a living wage.”

One of the most cynical things I’ve ever heard John McCain say is that he’d rather be with the good working people in that diner last night, than hob nobbing with celebrities. For the vast majority of his life, John McCain has lived a life of privileged luxury. We hear constantly about his POW years, which you’d expect would have motivated him to come home and do EVERYTHING he could to improve the lot of brave servicemen, yet he did worse than nothing, he voted against substantive reforms. His life’s political work has been to serve and protect the rich elites who keep him where he is - that’s how he votes and that’s what he believes in. Trying to tarnish Obama with that same brush is untruthful and kind of sinister. Every child is told this is the land of the free, where anyone can achieve anything. That’s what Obama has done and now it’s clear from the way he’s being attacked that the so called dream that is America is intended only for those who are the right color, or who come from the right elites.

Don’t journalists have some kind of obligation to be balanced, fair and truthful?
Are you a qualified journalist Mr. Alexander, by that I mean, did you actually go to an accredited University to study the rules of your craft, or are you just a Republican delivery boy?

- Posted by Audrey

Here we go again, Senator Obama needing help from His ELITE upper class California’s to help his campain….He’s just trying to get his *STAR* statis back…
Never forget Who his friends are, boming their country, or shouting, in a Church ????? “GOD DAMN AMERICAN” !!!!

He’s say’s he’s for change but what kind of change…Hasn’t anyone heard of Congress??? everything both canidater are saying must go through Congress first, the House and the Senate, which has a 9% approval rating. Try watching CSPN sometimes.

But then again, I’m one of those middle class folks who hold on to my guns, church, and I’m an AMERICAN, who is better off now than 8 years ago. Who does not belive the, News Norks,. I’m an AMERICAN who will NEVER forget 9/11…Or WWII, where my father sat in the glass turent under a B-17, {just like the Memphis Bell} to stop the mass murders and maintain your FREEDOM!!!!!

- Posted by liberty

McCain gave a fundraiser last month at $50,000 per person and nobody said a thing. He’s a hypocrite. As for the economy his former?top adviser Graham is the one who halted regulation controls(you idiots)Also McCain was on the on the Senate Commerce Committee and he didn’t learn a thing about the economy.Folks! Wake up before it’s to late………..Sarah Palin is a JOKE..

- Posted by wendy washington

Raising money is a necessary part of running for President of the United States. Why don’t we stop focusing on “who is out of touch” and focus on each candidate’s plan for getting our country out of the situation we find ourselves in right now. If you take the time to go to each candidate’s website and read their policies, I think the facts are right there. Obama is the man with a plan that makes sense. Wake Up and fire the Republican bums who are spending our future!!!

- Posted by Linda Hooper

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