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Obama fund-raises, issues a warning

Tells Democrats midterm losses could be ruinous

After speaking about energy at a Walmart in Mountain View, Calif., on Friday, President Obama greeted his audience.

Susan Walsh/Associated Press

After speaking about energy at a Walmart in Mountain View, Calif., on Friday, President Obama greeted his audience.

SAN JOSE, Calif. — On the West Coast to raise millions of dollars for his party, President Obama spent the second half of this week preaching to rich supporters about why Democrats are better than Republicans. It sounded like a conventional stump speech in the windup to the midterm battle, including an apology to the first lady for running another campaign.

Listen closely, however, and you could hear the president making a much more dramatic statement about the importance of this year’s elections.

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As he toured a series of mansions, Obama made the case that should Democrats fail to keep their hold on the Senate and win back the House, both his second-term priorities and the country’s future could be imperiled.

He described the public’s dissatisfaction with Washington as nearly at a tipping point, where working-class Americans see leaders as unresponsive to their most basic concerns. If that were to continue, he said, more middle-class Americans could dismiss the political process completely.

‘‘You’ve got a self-fulfilling prophecy,’’ he said Wednesday evening in Los Angeles at the home of Disney chief executive Alan Horn and his wife, Cindy. ‘‘People who have the most at stake in a government that works opt out of the system. Those who don’t believe that government can do anything are empowered. Gridlock reigns, and we get this downward spiral of even more cynicism and more dysfunction.’’

In this appearance and others, he warned that such apathy would show up primarily among young, minority, and working-class voters — precisely the groups that Democrats need to head to the polls to win the midterms.

And if Democrats fail to win, he said, America could be at risk of losing the luster that has defined it for so many years.

‘‘There’s no other country that looks like us. It’s a huge gift,’’ he said Thursday night in San Jose at an event hosted by Marissa Mayer, chief executive of Yahoo, and Sam Altman, president of YCombinator. ‘‘The problem is that we’ll waste that gift if we don’t make the right choices.’’

The president rejected the idea that America was in decline, but he said it could happen if the right steps weren’t taken to invest in the economy.

Obama has long described stark differences between the Democratic and Republican visions of the economy. But what was striking about his comments this week was that he described the stakes for the midterm elections in almost catastrophic terms.

Obama’s remarks suggest that, despite the progress made since the financial crisis and recession from 2008 to 2009, he sees the country as deeply vulnerable if gridlock endures.

At the house of Irwin Jacobs, founder of telecom giant Qualcomm, and his wife, Joan, Obama said the middle class had been hurt by decades of stagnation in their quality of life and now have a vanishing faith in government to help.

He put the blame for failing to make progress squarely on the Republicans — ‘‘a party that has been captive to an ideology, to a theory of economics, that says those folks, they’re on their own and government doesn’t have an appropriate role to play.’’

In the upcoming election, he said, Democrats must ‘‘break that grip.’’ Unless his party takes control of Congress, Obama said, he is not going to be able to implement the most important features of his agenda and set the country on what he considers the right path — ‘‘regardless of how hard I push, regardless of how many administrative actions I take.’’

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