President Barack Obama raised more than $2 million from Wall Street at a private fundraiser in New York City on the same day his campaign launched ad attacks on Mitt Romney's background at a private equity firm.
Politico reported that the president stopped by the Park Avenue penthouse of Blackstone Group COO Tony James and argued to the audience of about 60 people that the economy is on the right track.
The financial system, although still healing, is obviously in much better shape than it was in 2007 and 2008, Obama reportedly said. We've made some progress. But the reason I'm running is we still have a long way to go.
Seats at the fundraiser were $35,800 each, according to Politico.
Just that morning, the Obama campaign had released an ad and a website, RomneyEconomics.com, that attacked the presumed Republican presidential candidate for destroying jobs after purchasing a steel mill while he was a manage at Bain capital.
Deputy campaign manager Stephanie Cutter stressed to reporters in a conference call on Monday that the purpose of the ad was not to attack private equity firms but the lessons Romney took from Bain does not uniquely qualify him to be president.
The president supports increasing taxes on the rich to relax the burden on the middle class.