ABC News’ Mary Bruce (marykbruce) and Devin Dwyer (@devindwyer) Report:
With the market reeling from Friday’s credit downgrade, tonight President Obama worked to secure four more years to right the fiscal crisis. At a high-dollar DNC fundraiser at a private residence in Washington, D.C., Obama made clear “We’ve got a lot of unfinished business.
“I don’t know about you, but I think we have no choice but to finish it,” Obama told the roughly 140 supporters gathered at the home of R. Donahue "Don" and Katrina Peebles. “We're going to have to go forward. And the only way I'm going to be able to go forward is with you.”
The president said, “There's no doubt that we’ve got to fix our long-term finances. “We still have a dysfunctional political system in Washington, as we just witnessed over the last couple of weeks.”
Once again the president stressed that there are steps Congress can take right now to boost job creation, including investing in infrastructure.
“This is not rocket science in terms of how we can create more jobs in this country,” he said.
Given the sharp partisan culture on Capitol Hill, the president said the upcoming election would be one about fundamental principles. “It's going to be as fundamental a debate as 2008. In some ways, it may be even a more profound debate, because the contrast is going to be clearer, and it's going to be sharp,” Obama said at his third fundraiser this quarter, his 38th of the year.
“I want everybody to understand if we are going to get to the vision that we all believed in, in 2008, and we still believe in, it is going to be imperative that we run a clear, forceful campaign,” he said.
Tickets for the private event at the Peebles’ residence ran a steep $15,000 per family and included a photo with the president, according to a DNC official. The money, which goes to the Obama Victory Fund, is split between the Obama re-election campaign, which takes $5,000, and the DNC, which gets the remaining $10,000.
Peebles, a developer who served on Obama's National Finance Committee, is the CEO of Peebles Corp., a major African-American real estate development company with holdings in Washington, D.C., Las Vegas and Miami Beach, according to the company website. The Peebles are not listed as Obama campaign bundlers.
Later this evening, Obama attended a smaller outreach event at the St. Regis hotel in D.C. for donors and possible donors. No one had to buy tickets for the event, which included roughly 60 guests.