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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?


To: RMF who wrote (2578)8/14/2007 3:00:38 AM
From: stockman_scott  Read Replies (1) | Respond to of 149317
 
Obama supporters hope Buffett attracts big donors again

siouxcityjournal.com

OMAHA, Neb. (AP) -- A fundraiser for Democratic presidential candidate Barack Obama in Omaha next week is hardly the beginning of the relationship between billionaire investor Warren Buffett and the Illinois senator.

Debbie Bosanek, Buffett's assistant, said she didn't know when Buffett and Obama met. It was before 2005, when Obama spoke at a Girls, Inc. meeting in Omaha to a crowd that included Buffett. And Buffett and his daughter, Susie, hosted a brunch during that trip to introduce the senator to prominent Nebraskans, part of the networking that helped launch Obama onto the national stage.

Bosanek said that since the 2005 reception, the two have occasionally been in touch. Buffett was not available for an interview Tuesday.

Buffett and others are co-hosting the $500-per-person event reception Aug. 15 at the Ironwood Country Club. An earlier reception will be held for those who contribute $2,300.

Buffett hasn't endorsed a presidential candidate but has said he'd be happy with either Hillary Rodham Clinton or Obama. He's also spoken favorably about the presidential prospects of New York Mayor Michael Bloomberg, who recently left the Republican Party to become an independent.

Federal Election Commission records show that Warren Buffett and his wife, Astrid Menks, each donated the maximum $4,600 to Obama's campaign in April, and so did Buffett's daughter, Susie Buffett.

Both Buffetts donated the maximum to Clinton's campaign in January, and Menks donated $4,600 in May.

Buffett, 76, who runs Omaha-based Berkshire Hathaway Inc., helped Clinton raise at least $1 million for her campaign at a June event in New York.

Nebraska Democrats held a similar fundraiser in Omaha for presidential candidate John Edwards last month, drawing more than 60 people, said Vince Powers, a Democratic national committeeman. He said the event met fundraising goals but wouldn't say how much was raised.

Harley Schrager, who along with his wife Beth is also co-hosting the Omaha Obama reception, said they've been working on putting the event together for at least three months and are hoping for more than 100 people.

"I've been following Senator Obama's career since he came on the national scene at the Democratic convention (in 2004)," said Schrager, a lifelong Omaha businessman. He said he's not locked in to vote for Obama, but "I like what I know about him and want to know more."

Times have changed since Obama was in Omaha in May 2006 to speak at a Democratic fundraiser that raised at least $150,000 for the party. He said then he had no intention of running for president in 2008.

Buffett served as top economic adviser to Republican Arnold Schwarzenegger's first campaign for California governor in 2003. He advised Democrat John Kerry's presidential campaign a year later, and has also been active in several Nebraska contests.

Last year, Buffett announced his plan to give away the bulk of his nearly $49 billion fortune over time. Most of Buffett's shares of Berkshire stock will go to five charitable foundations, with the largest share going to the Bill & Melinda Gates Foundation.

Berkshire Hathaway, Buffett's investment vehicle, has assets of nearly $262 billion and owns more than 60 subsidiary businesses including insurance, clothing, candy and furniture.



To: RMF who wrote (2578)8/14/2007 10:04:46 AM
From: ChinuSFO  Read Replies (1) | Respond to of 149317
 
I think the Democrats will have to think hard who they pick as the primary season draws nearer. They will have to look at who the likely Republican nominee is going to be. If Guiliani looks more likely then she beats Hillary, no question about it. New York goes to Guiliani, Texas, Florida, Ohio is also going to be in the Republican column. Penn and California is a toss up.

The evangelicals may not be fully aligned with Guilianis social policies, but in the end when they have to decide between Clinton and Guiliani, both social liberals, they will come out and vote for a Republican and a Republican's fiscal ideas, which is going to be the differentiator.

IMHO on this lovely Tuesday morning in SFO.