That's the price per plate for a fundraiser dinner for President Obama. Even if I had the money to spend, I wouldn't spend that much to go sit and listen to a politician tell me how wonderful they are. In fact, if I had so much money that that amount was inconsequential, I think I'd do something a little more productive, like give it to the Salvation Army, or help somebody get through a financial crises due to a medical condition.
As I write, and think about this, I realize I wouldn't spend $40,000 to see George Washington even if he could come back to life and was attempting to jump the Potomac on a Moped.
** Update: News reports indicate about a 15 million dollar haul for the event. That will buy Obama a few minutes of commercial prime time.
He needs to choose wisely. From what I'm seeing, the money will be limited this time and he may need to trim his spending.