Fall Out Boy rockers Pete Wentz and Patrick Stump have announced their plans to endorse Barack Obama for Commander-in-Chief. In fact, Pete will co-host a fundraiser for the presidential hopeful in the Windy City next week. Next Tuesday, he’ll co-host an event, along with Illinois State Representative Sara Feigenholtz, at Chicago’s Lakeview Broadcasting Company to raise money for Obama for America. A $75 donation will get you a limited-edition Obama T-shirt designed by Wentz’s Clandestine Industries. The fundraiser is open to everyone, even people under the legal voting age.

“If we had the speeches or the momentum of [Obama supporter] Oprah, we’d probably have done something else,” Pete tells MTV. “But given that many fans of ours are under the age of 18, we decided that convincing their parents to get involved monetarily, or by canvassing neighborhoods, is probably the best.”

“To me, the goal of the event is to expose Obama to people who may have misconceptions about him. For example, someone on our Web site said, ‘I heard if he’s elected, he’s going to bomb the Middle East,’ and I was like, ‘Uh, no … that’s what our [current] president did,’ ” Wentz said. “I’m not interested in shoving anything down anyone’s throat — I just think young voters need to know this is one of the most important elections in years. The next few presidents will probably control the Supreme Court, which could change many things that we have taken for granted.”

“I find Obama to be an electrifying candidate,” Wentz said of the junior senator from Fall Out Boy’s home state, Illinois. “His perspective is fresh, [and] he’s said that he would meet diplomatically with almost any world leader, which, in my opinion, would greatly change the rest of the world’s view of the United States. I said for a long time that I didn’t think there was much of a difference between parties or candidates, and then I sat through the last eight years and promised myself I would never think that way again.”