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Former President Bill Clinton will give his one-time frenemy Barack Obama a major assist as the campaign fundraising race heats up for the 2012 presidential election, Bloomberg reported Monday. Sources told Bloomberg that No. 43 will join President Obama at upcoming fundraising events in New York, Chicago, and Los Angeles. Spokesmen for Obama and Clinton did not confirm the report.
According to Bloomberg, the New York event will specifically target donors in the financial services industry, a major source of campaign cash for Obama in 2008. The President has struggled to compete with his presumptive Republican opponent Mitt Romney this time around; Romney, the founder of Bain Capital, has raised nearly three times more Wall Street cash than Obama during this election cycle.
Democrats are clearly hoping that Clinton will help give Obama’s re-election campaign an extra edge, particularly among Democratic donors who supported his wife against Obama in 2008. The former president has a 67% approval rating, and the possibility of rubbing shoulders with two presidents might be too good for New York powerbrokers to pass up. Plus, Clinton definitely has an in with the Wall Street set — he was recently seen lunching with Goldman Sachs CEO Lloyd Blankfein in Boca Raton.
The joint fundraisers will also have the added benefit of showcasing Democratic unity, providing a useful contrast to the divisive chaos of the Republican primary. Although the relationship between Obama and the Clintons has been rocky at times, the two presidents appear to have patched things up in recent months.
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