Obama, Pelosi In La Jolla For Fundraiser At Qualcomm Co-Founder’s House
Wednesday, May 7, 2014
President Barack Obama is scheduled to fly into San Diego on Thursday to attend a political fundraiser at the La Jolla home of Qualcomm co-founder Irwin Jacobs.
House Minority Leader Nancy Pelosi is scheduled to join Obama at the $10,000-per-person lunchtime fundraiser in La Jolla to benefit the Democratic Congressional Campaign Committee. Couples who donate $32,400, the legal maximum, will be invited to a VIP reception and photo opportunity.
Jacobs, whose estimated net worth is $1.6 billion, was one of the top five financial supporters of Obama's re-election campaign in 2012. He stepped down as chairman of Qualcomm -- the mobile chip maker -- five years ago.
The Obama administration announced new proposals this week designed to attract and retain highly skilled immigrants, among the top wishes of high-tech companies like Qualcomm. The new regulations would remove obstacles to the immigrants remaining in this country and extend employment authorization to their spouses.
Outside the fundraiser, an environmental group is scheduled to rally in opposition to the proposed Keystone XL pipeline. San Diego 350 contends the pipeline, which would carry oil from Canada to Texas for refining, will increase greenhouse gas emissions and worsen the impacts of climate change.
Obama has delayed a decision on whether to approve the project for several months.
The president's West Coast swing began late Wednesday in Los Angeles and will continue Thursday evening in San Jose.