Obama seeking "partners" for 2012 campaign - only big money need apply

AMERICAblog

Again, Wall Street showered him with campaign contributions in 2008 and he's been having private fund raising dinners with the CEOs of Wall Street this year. His campaign and staff can say what they like about that, but you would have to be a fool to miss the connection between the meek financial reform that the White House promoted and his campaign contributions. Also, let's think for a moment about the extension of tax breaks for the wealthy. If you are not part of the deep pocket crowd, you're really not very important to this administration, but I'd like to be proven wrong. Bloomberg:

Donors who pledge $75,800 to the Obama Victory Fund will be named “Presidential Partners” and will be invited to quarterly campaign briefings that are sometimes attended by the president, said a Democratic official who wasn’t authorized to comment publicly and spoke on condition of anonymity.

The program secures two years’ worth of a supporter’s allowable donations. Presidential Partners contribute $5,000 to the Obama campaign, $61,600 to the Democratic committee and an additional $9,200 to a committee that the campaign and the national committee use in statewide races.

The big-money fundraising program is the latest weapon in a campaign-financing arms race. It was reported by the Los Angeles Times. The 2012 election may dwarf previous races with the campaigns, party committees and independent political groups projected to raise and spend a combined $2 billion before Election Day.