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Politics

President Obama Calls On Bay Area For More Campaign Cash

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President Barack Obama greets guests upon arrival on Air Force One at San Francisco International Airport on February 16, 2012. (Saul Loeb/AFP/Getty Images)

President Barack Obama greets guests upon arrival on Air Force One at San Francisco International Airport on February 16, 2012. (Saul Loeb/AFP/Getty Images)

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MOUNTAIN VIEW (KCBS) – President Barack Obama was headed for another campaign stop in the Bay Area Wednesday with several events on the docket.

The president was scheduled to land at Moffett Field before heading to the Peninsula for a fundraiser at the Atherton home of Levi Strauss heir Doug Goldman. Tickets for the event
cost $35,800 per person.

That will be followed by a public event at the Fox Theater in Redwood City where the President was scheduled to speak at about 9:25 p.m. Premium seating for the event started at $1,000 per person and went as high as $12,500.

After spending the night in San Jose, President Obama will be at a fundraising event Thursday morning originally set for a Palo Alto hotel. A roundtable with the Asian American/Pacific Islander community, also at $35,800 a head, was scheduled for 8:30 a.m. at The Fairmont in downtown San Jose.

The Obama campaign said the switch was over “logistical purposes.” It will be President Obama’s first San Jose event since his election.

Bruce Cain, University of California, Berkeley political science professor, said the fundraisers are a way for President Obama to make up for the loss of banking donations he once enjoyed.

KCBS’ Tim Ryan Reports:

“In 2008, President Obama got more money than John McCain by a wide margin from the banking industry,” Cain said.

He said the president is in a delicate position because he’s no longer able to fund a robust campaign through small donations.

“While Romney is way behind right now in the regulated money, the Super PACS on the Republican side are really gearing up,” Cain said.

(Copyright 2012 by CBS San Francisco. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

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