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Barack Obama Seeks Big Bucks

April 29, 2011

(This article is re-posted from OpenSecrets.)

President Barack Obama returned Wednesday night to a land where campaign cash has flowed for him like milk and honey: New York City.

When Obama ran for president in 2008, of every $20 he raised, $1 came from someone in New York City, according to research by the Center for Responsive Politics.

Donors living in the NYC metro area contributed more than $42 million to Obama’s massive war chest during the 2008 election cycle, according to the Center’s research — more than any other metropolitan area.

And six of the 10 most prolific zip codes that backed Obama represent parts of New York City: 10024, 10023, 10021, 10025, 10128 and 10011.

As he battles for re-election, Obama is hoping to keep his New York City supporters energized and motivated to again open their pocketbooks for him.

On Wednesday night, Obama’s fund-raising tour in the Big Apple consisted of three events: one at the Fifth Avenue home of former Goldman Sachs chief executive officer and former New Jersey Democratic Sen. Jon Corzine, one at the prestigious Waldorf Astoria hotel and one at the Town Hall theater in Manhattan, which also featured music by the Roots. The three events reportedly raised more than $2 million, split between Obama’s nascent re-election campaign and the Democratic National Committee.

At the events, Obama lauded his successful elevation of two new women onto the U.S. Supreme Court — Sonia Sotomayor and Elena Kagan. “We put a couple more women on the Supreme Court — Lord knows we need them,” Obama said to applause.

During his 2008 presidential run, Obama also needed votes and financial support from women.

Female donors accounted for more than $145 million in itemized contributions, that is donations above the $200 threshold for itemized disclosure with the Federal Election Commission.

Male donors, meanwhile, gave Obama about $199 million in donations exceeding $200. That translates to about a 57-42 split between male and female donors.

Obama’s Republican challenger, John McCain, meanwhile, got about 72 of his itemized donations from men and only about 28 percent of his money from women, according to the Center’s research.

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