Former US President Bill Clinton gave a rousing endorsement of fellow Democrat Barack Obama in his first 2012 campaign appearance with the president late Sunday night, and helped him raise more than $2 million. A white-haired and svelte Clinton, 65, pounded the podium and pointed at the crowd while addressing about 500 Obama supporters outside the Virginia home of his friend and Democratic adviser Terry McAuliffe. “I think he's done a good job,” he told the crowd in his signature raspy voice, warmly introducing the man who beat his wife, Hillary Clinton, to win the 2008 Democratic presidential nomination and then made her US secretary of state. “We are going the right direction under President Obama's leadership.” Clinton's support could be pivotal for Obama's efforts to raise money and to sell voters on his economic plans, which Republicans have denounced as fiscally reckless and rooted in populism instead of good business sense. Clinton oversaw one of the most prosperous times in recent American history and managed to balance the federal budget, something Democrats are keen to remind voters before the Nov. 6 election. When he took the backyard podium, Obama, 50, noted Clinton's “remarkable” economic record in his two White House terms and referred frequently to the political powerhouse standing behind him, who stands to be a huge fundraising force in the final months of the presidential campaign. “I didn't run for president simply to get back to where we were in 2007. I didn't run for president simply to restore the status quo before the financial crisis. I ran for president because we had lost our way since Bill Clinton was done being president,” the US president said. The state of the US economy is expected to be the pivotal issue for voters in November.