Entries in re-election campaign (2)


Clinton: Romney Would Be ‘Calamitous for Our Country’

JEWEL SAMAD/AFP/GettyImages(NEW YORK) -- Lending his fundraising prowess to President Obama’s re-election campaign, Bill Clinton warned top donors in New York on Monday that Mitt Romney would be “calamitous for our country and the world.”

“The politics is wrong on the Republican side, the economics are crazy,” Clinton said at a fundraiser at the Upper East Side home of billionaire hedge fund manager Marc Lasry.

Just one week after praising Mitt Romney’s “sterling business career,” Clinton argued that Republicans’ “economics are wrong-headed and their politics are worse.”

“The Republican Congress and their nominee for president, Governor Romney, have adopted Europe’s economic policies,” Clinton said. “Their economic policy is austerity and unemployment now, and then a long-term budget that would explode the debt when the economy recovers so the interest rates would be so high nobody would be able to do anything.”

Instead, Clinton said the president’s policies provide “job growth now, and long-term budget restraint.”

Obama has the “right economic policy and the right political approach,” he said.

The president “has good politics, he’s got a good record, he’s made the best of a very challenging situation, he deserves to be re-elected,” Clinton concluded, before joking that he “has a pretty good secretary of state too.”

On the heels of Friday’s disappointing jobs report, Obama continued to argue that the economy is the central issue of the campaign but admitted that “when things are tough, you’re willing to try just about anything even if you’ve seen it before.”

The president was adamant that going forward, his campaign needs to get a “clear message out about how we intend to grow the middle class, how we’re going to create jobs, and how our positions are squarely in the center of America’s traditions.”

“We’re not the ones who’ve changed. What has changed is the Republican Party,” Obama said. “They have run from a preference for market-based solutions to an absolutism when it comes to the marketplace, a belief that all regulations are bad. That government has no role to play.”

The private fundraiser kicked off a trio of campaign events in New York City on Monday, which are expected to add upwards of $3.6 million to the president’s re-election coffers.

Copyright 2012 ABC News Radio


Obama Bundlers Raise At Least $106 Million for Campaign

JIM WATSON/AFP/Getty Images(WASHINGTON) -- President Obama’s re-election campaign on Friday voluntarily released a full list of their top 532 campaign financiers – aka “bundlers.”

Combined, these individuals are responsible for at least one third — or $106 million — of the total $350 million raised by Obama and Democrats for this election.

These wealthy donors each give the legal maximum to the campaign ($5,000) and the DNC ($30,800) and then get their well-placed friends and colleagues to do the same, a practice known as “bundling.” Supporters who bring in $50,000 or more for Obama earn the “bundler” classification.

Obama added 87 new bundlers to the list in the first quarter, January through March 2012.

Among the new names are actor/producer Tyler Perry – who recently hosted two major fundraisers for Obama in Atlanta.  He is listed as raising more than $500,000 for Obama and Democrats in the 2012 campaign.

Other familiar names who continue to play an integral role in Obama’s high-dollar fundraising include movie mogul Harvey Weinstein, UBS Americas CEO Robert Wolf, Vogue editor-in-chief Anna Wintour and DreamWorks CEO Jeffrey Katzenberg. All have raised more than half a million dollars apiece.

Former N.J. governor and embattled ex-CEO of MF Global Jon Corzine is also listed as a top-level bundler, though the campaign and DNC said late last year that they were returning $70,000 of contributions from Corzine and his wife .

Here’s the breakdown:

154 bundlers at $50,000-$100,000 each

120 bundlers at $100,000-$200,000 each

141 bundlers at $200,000-$500,000 each

117 bundlers at $500,000+ each

Presumptive GOP nominee Mitt Romney has not released a full list of the identities and contribution amounts of his bundlers.  He has released the names of registered lobbyist bundlers, which is required by law.  Obama does not accept contributions from registered lobbyists.

Copyright 2012 ABC News Radio

ABC News Radio