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Welcome back. time for a cnn political update. cnn s senior political editor, mark cresston, joins me from washington. the president is headed home to his hometown. he is. always nice to go home, specially when you re going to thereby for fund-raisers. randy, they re saying president obama might have to spend upwards of $1 billion to win re-election in 2012. the only way he s go doing that is if he starts asking for money. tonight, out in chicago for fund-raisers. a larger event with about 2,000 people that will abtending. now the ticket price to attend events range anywhere from $100 up to $35, 800. it s just the beginning. we ll see president obama head out to california to san francisco, and los angeles. and then back east to new york to continue to raise money. ....
Again, this is all for 2012. if it s $ 1 billion, he needs to raise a lot of money. i understand some of it comes from small donations mainly. yeah. you know, he really did a great job in 2007-2008 of cobbling together a great support from small dollar donors, people who give $25, $50, $100 as well as huge donors who give up to $35,800 at a whack. president obama is reaching out to young people, and deep pocket donors. new york, los angeles, san francisco, chicago, all really gold mines for democrats when raising money. a lot of money in those cities. all right. thank you, mark. next update from the best political team on television is just one hour away. katharicatherine zeta jones see treatment for a bipolar disorder.o these nasal alleies. ....