Free Republic

Taxpayers will pick up multimillion dollar bill despite Obama's fundraising stop Taxpayers will be stuck with an enormous bill after President Obama’s southern California fundraising tour, KUSI’s Steve Bosh reports. With his party’s Senate majority under siege, President Obama will attend a $10,000 per plate fundraiser at the home of Qualcomm founder Irwin Jacobs. Bosh noted because of technicalities in the president’s schedule, taxpayers will actually pick up the tab for the entire trip despite the fundraising stop: STEVE BOSH: Then there’s the cost to taxpayers when the president travels to official or political events, like the visit to San...

Paul Tudor Jones, the wealthy hedge fund manager, has become the latest in a growing band from his profession to throw their weight behind Barack Obama, the US senator vying for the Democratic presidential nomination. Mr Jones is said to be planning to host a 500-guest fundraiser for Mr Obama on May 19. The event will be held at Mr Jones’s seaside mansion in Greenwich, Connecticut, a big US centre for hedge funds. “The whole of Greenwich is backing Obama,” said one leading US businessman. Hedge fund managers, whose newly found wealth has made them attractive targets for presidential hopefuls,...