President Barack Obama raised campaign funds yesterday for the 2014 House elections. Visiting the homes of California billionaires, Obama touted Nancy Pelosi, as a primary reason for Democrats needing to win the next national election.

"I won’t speak for Nancy here, I will speak for myself. I would love nothing better than an effective, loyal opposition that is willing to meet us halfway and move the country forward -- because that’s what the American people are looking for. The economy is growing but there is still a lot of folks out there who are struggling; still way too many people who are unemployed; people who haven’t seen a raise in a decade; people whose homes are still underwater; people who when they see $4-a-gallon gas know that that is money that’s coming straight out of their pockets or their retirement funds and is going to be very hard to make up. And they’re hoping that we can do some governing. And that’s what I intend to do this year, and the year after that and the year after that," Obama told the group.

"But I would be dishonest if I didn’t say that it would be a whole lot easier to govern if I had Nancy Pelosi as Speaker."

Elsewhere in the speech, Obama praised Pelosi:

Despite all the rhetoric on television, I actually believe that Americans have a lot more in common than our political rhetoric would give us credit for. But having said all that, I know Nancy Pelosi. I’ve seen her courage. I know that she is willing to do the right thing, even when it’s not politically popular. And I want her once again as a fully empowered partner for us to be able to move our agenda forward.

And so I’m going to expect that you guys are fighting for issues, helping to move public opinion; engaging in organizing and engaging in advocacy and public policy work -- all the stuff that -- and I’m looking around this room, it’s full of do-gooders here -- all the stuff you do. But I also want to make sure that you are paying attention to what can we do to support the prospect of Nancy Pelosi being Speaker once again.

Obama made the comments at the Getty mansion in San Francisco, the home of billionaire Gordon Getty.

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