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Obama Back In Town For Re-Election Fundraiser

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TWC News: Obama Back In Town For Re-Election Fundraiser
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President Obama is in the Big Apple for a fundraising sweep.

As usual, his visit likely means traffic tie-ups in and around Manhattan.

The president touched down around 4 p.m. at John F. Kennedy Airport.

He was expected to attend an event at a private residence, followed by a fundraising dinner at ABC Kitchen in the Flatiron District.

A third fundraising event at a private residence wraps up the president's visit.

But while many of the president's supporters are expected to cough up some large donations, some in the financial and banking industries may be holding back.

According to the latest numbers, Obama has seen $2.3 million in Wall Street donations this time around, compared to his possible GOP contender Mitt Romney, who's coffers have been injected with $22.2 million.

One Obama official says it's no surprise Romney is raising so much money from Wall Street, considering they perceive him as being willing to roll back some of the post financial crisis reform measures.

"No president has ever put more money into the financial services community, more money into the automotive industry and to businesses than President Obama. He's gonna give socialism a bad name. So I think the president's leadership has been defined by he saved our nation form a great depression," said Democratic Fundraiser Robert Zimmerman.

In all, Obama expects to raise nearly $5 million in New York.

Among those hosting the president is interior designer Michael Smith, who redecorated the White House living quarters.

Before arriving in New York, Obama was in New Hampshire where he spoke to students at a community college about the importance of America's energy independence.

"If we're going to take control of our energy future, which we have to do, if we're going to avoid high gas prices every single year - with a lot of politicians talking every single year but nothing happening. If we're going to avoid that, then we have to have an all of the above strategy that develops every single source of American energy," Obama said.

Political experts say the issue of gas prices in particular could weigh heavily on the president's re-election bid.

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