Obama takes first steps on road to 2012 elections

MIAMI - US President Barack Obama took the first steps on the road to the 2012 elections on Friday, presiding over the first of many fund-raising events to ensure his Democrats can compete against the Republicans.
He cited an improving US economy in a signal that he believes it will help his bid for re-election.
"Now what we're seeing is that having gone through the toughest time in recent memory, the country is on the rebound, the country is on the move," Obama said.