Obama to cash in on election head start
Taking out insurance in case he is unable to generate the same grassroots enthusiasm among young voters and small political donors as he did in 2008, US President Barack Obama is set to launch his re-election bid with a coast-to-coast tour of big money Democratic fundraisers.
The Obama campaign is expected to fire the starting gun of the presidential race this week and then hit the circuit for what is expected to be the most expensive election in history.
The White House is playing down the time Mr Obama will have to take off from his presidential duties to prepare for the showdown in November next year, but campaign staff hope to stuff his war chest with money long before a Republican challenger is nominated.
In 2008, Mr Obama brought in $750m (¿527m) from donors. (© Independent News Service)