Buffett Joins Rahm In Obama's Chicago Stronghold - NBC Chicago
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Buffett Joins Rahm In Obama's Chicago Stronghold



    Buffett Joins Rahm In Obama's Chicago Stronghold
    Chris Haston/NBC
    THE OFFICE -- "Search Committee" Episode 725/726 -- Pictured: Warren Buffett as himself -- Photo by: Chris Haston/NBC

    News that billionaire investor Warren Buffett will work a room in Chicago this October to help raise money for President Barack Obama's reelection campaign should come as no surprise.

    Obama appears to have folded Buffett into the reelection campaign the same way he folded Rahm Emanuel into the reelection bid -- slyly, but obviously.

    The Emanuel mayoral campaign used the same template emails as Obama's camp to communicate with supporters, and relied on many of the same operatives -- David Axelrod and Ben LaBolt come to mind. And Emanuel never really stopped working for the White House political arm: he still headlines fundraisers for Obama and introduces him with vigor at events.

    Seems like Buffett is along for the same ride, for better or worse.

    Watch: President Obama's Birthday Campaign Speech

    [CHI] Watch: President Obama's Birthday Campaign Speech
    President Barack Obama addresses supporters during a combo birthday bash/campaign fundraiser at Uptown's Aragon Ballroom.
    (Published Thursday, Aug. 4, 2011)

    Buffett started the reelection momentum when he penned an editorial in the New York Times encouraging America's leaders to stop coddling the wealthy and to impose stiffer taxes on millionaires and billionaires.

    Shortly after, Obama pitched new tax legislation, lovingly slugged the "Buffett Tax."

    Now Buffett will descend on Chicago, the city where Obama's campaign headquarters is located -- an incumbent presidential first -- to shake the money tree. It's unclear if Buffett is protecting his image as the "Oracle of Omaha" because Obama coopted his policy prescriptions or if his policy prescriptions are meant to help Obama in the first place.

    Obama Addresses Supporters at Navy Pier

    [CHI] Obama Addresses Supporters at Navy Pier
    April 15, 2011: President Obama, ending a trio of fundraisers in Chicago, asked supporters to be excited for the future while resurrecting the campaign mantra that helped get him elected more than two years ago.
    (Published Thursday, July 14, 2011)

    In any case, stagecraft won't stop with Buffett in October. The culminating event, really, is the NATO and G8 summits that are planned for Chicago this coming May -- planned to show off Obama as a world leader, in his world city with his world mayor.

    The stagecraft makes sense. The Emanuel quotient makes sense, too, because he reportedly has presidential ambitions of his own.

    The question is, what does Buffett get out of the deal?