President Barack Obama, left, and Republican presidential candidate, former Massachusetts Gov. Mitt Romney, right, laugh with Cardinal Timothy Dolan during the Archdiocese of New York's 67th Annual Alfred. E. Smith Memorial Foundation Dinner, Thursday at the Waldorf Astoria Hotel in New York. Alfred E. Smith Memorial Foundation Dinner, a white-tie gala has been a required stop for politicians since the end of World War II. In keeping with tradition, candidates prepare humorous fare for the fundraising event organized by the Catholic Archdiocese of New York for the benefit of needy children.