While America Sinks, Obama Raises Reelection Funds

by Dave Blount | August 9, 2011 2:11 pm

Here[1]‘s how our alleged president has been spending his time while the economy collapses. His schedule for last night:

According to the White House schedule, the president first attends a gathering of approximately 140 guests at a private residence in the nation’s capital. A DNC official says proceeds from the $15,000 per family gathering will go to the Obama Victory Fund, with the money raised shared by the president’s re-election campaign and DNC.

A source with knowledge of the event says it’s being held at the home of Don and Katrina Peebles. Don Peebles is a real estate entrepreneur and sits on the Obama campaign’s national finance committee.

The president then heads to the St. Regis Hotel to meet with approximately 60 guests. While not a fundraiser, a source says the gathering is a donor outreach event.

Raking in cash kept him busy last week too, as the debt storm clouds gathered:

Last week Obama was the main attraction at two birthday-themed fundraisers in Chicago. The events were held on the eve of the president’s 50th birthday. …

Obama’s reelection campaign and the DNC raised a combined $86 million between April and June, blowing past the combined $60 million goal set by both groups at the start of the second quarter. Of the $86 million raised, the campaign said over $47 million went into the coffers of Obama for America and more than $38 million went to the DNC.

No wonder Obama doesn’t understand the value of the money the government has been pouring down the drain. He’s floating in cash. If it floats him into another term, America will not survive as anything we will want to recognize.

On a tip from G. Fox. Cross-posted at Moonbattery[2].