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Obama Re-Election Team Eyes Big Donors
Friday, 28-Jan-2011 12:54PM United Press International
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WASHINGTON, Jan. 28 (UPI) -- Fundraisers for President Obama are working on repairing relationships with big donors in advance of the 2012 presidential campaign, political insiders say.

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Obama's monster fundraising efforts favored small donors in the 2008 election over most large donors, then once in office he eschewed social events many contributors desired, pushed for Wall Street Reforms and adopted a populist position that worried campaign contribution bundlers on Wall Street.

"It's just starting", Charles Myers, a donor and investor with Evercore Partners, told the Washington Post, "Large donors will step up."

The first bridge-building event will be Thursday in New York. But some said the gestures won't work for everyone, the Post reported Thursday.

"Investment banks really hate the administration", one Obama donor said anonymously. "They will not come back."

Dan Loeb, an Obama donor in 2008 and a founder of the hedge fund Third Point, sent a letter last month in which he said hedge-fund managers who supported Obama had been victimized.

"If we are really nice and stay quiet", he wrote, "everything will be (all right) and the president will become more centrist. I mean, he really loves us and when he beats us. He doesn't mean it. He just gets a little angry."

Most of the complaints came before Obama extended tax rates enacted during George W. Bush's administration, appointed business-friendly William M. Daley as his chief of staff and delivered a pro-growth State of the Union address.

"The president's shift to the center has renewed my ... interest, enthusiasm and support for him", Myers said. "My guess is that he is going to do better with people writing large checks."

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