ANCHOR: Drivers in this neighborhood definitely know the president is here. Traffic was at a standstill here on Wilshire for about 20 minutes, as the president’s motorcade pulled on through. And this visit is all about raising cash.
President Obama is kicking off his three-day visit to California in the Southland. His first fundraiser at the Holmby Hills home of soap opera producer Bradley Bell is the first of six campaign events to raise serious cash. To attend an intimate party with the Foo Fighters performing, tickets were up to $38,000 per person.
PROTESTER: He should be out here with the people, not in that big fancy house.
ANCHOR: Occupy protesters who gathered near the President's hotel say he is catering to the 1 percent to try to get reelected.
PROTESTER: Get out of these fund-raisers and get back to the streets. Remember where you came from. Remember who you said you’re going to serve. And it is not the people you’re having dinner with tonight.
ANCHOR: Also at the fundraiser, an offical announcement that L.A. Mayor Antonio Villaraigosa will be Chairman of the 2012 Democratic National Convention that will nominate President Obama for a second term. As always, the president’s motorcade presents a bit of a traffic mess.