Former NFL Great to Help Obama Raise $1 Billion

President Barack Obama's re-election campaign is officially underway and he will be in the Bay Area Wednesday to raise money for his campaign.

The president raised a record more than $760 million to win his first run at the White House and by all accounts he will need to raise even more to book another four years in the Oval Office.

The 2012 campaign is expected to cost Mr. Obama more than $1 billion and all candidates are expected to raise around $8 billion total.

The president will host three fundraisers in the City after stopping by at Facebook for an online chat.

Mr. Obama will host a dinner at a private residence for about 200 people and he will also attend a fundraiser in his honor at the Nob Hill Masonic Center.

The event on Nob Hill is expected to draw more than 2,500 and get a helping toss from one of the greatest players in the National Football League's history.

Former San Francisco 49ers' receiver Jerry Rice is scheduled to speak at the Nob Hill fundraiser to rally supporters for the president.
 

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