Kanye West explained why President Obama has run into political adversity: It's because he's not connected like George W. Bush.

"Let me tell you something about George Bush and oil money and Obama and no money," West said during a radio interview with The Breakfast Club. "People want to say Obama can't make these moves or he's not executing; that's cause he ain't got those connections. Black people don't have the same level of connections as Jewish people! Black people don't have the same connection as oil people."

Bush was a millionaire from a Texas oil family, and made $835,000 on his own investing in an oil company.

"You know we don't know nobody with [money] like that we can go to," West also said.

President Obama has been on a West Coast fundraising swing that included events in Seattle, San Francisco and Beverly Hills hosted by, among others, a former Microsoft executive, Israeli-American media mogul Haim Saban and multimillionaire basketball legend Magic Johnson.