Python: Matplotlib Button not working

I have this code containing a button called bbutton which when pressed executes the movetext function:

from pylab import *
from matplotlib.widgets import  RectangleSelector
from matplotlib.widgets import Button
import numpy as np
import matplotlib.pylab as plt


fig = plt.figure()
ax = fig.add_subplot(111)

delta = 0.025
x = np.arange(-3.0, 3.0, delta)
y = np.arange(-2.0, 2.0, delta)
X, Y = np.meshgrid(x, y)
Z1 = bivariate_normal(X, Y, 1.0, 1.0, 0.0, 0.0)
Z2 = bivariate_normal(X, Y, 1.5, 0.5, 1, 1)
Z = (Z1 - Z2) * 10

plt.contourf(X, Y, Z)

text1=plt.text(0, 0, 'ghghg',color='black',fontsize=14) 
plt.text(1, 1, 'Calculation ',color='black',fontsize=14)
plt.title('Average ')

plt.xlabel('Longtitude ', fontsize=14, color='black')
plt.ylabel('Latitude ', fontsize=14, color='black')
plt.grid(True)

def onselect(eclick, erelease):
     'eclick and erelease are matplotlib events at press and release'
     text1.set_text('Geo ')
     text1.set_x(eclick.xdata)
     text1.set_y(eclick.ydata)
     plt.draw()

def toggle_selector(event):
    print ' Key pressed.'
    if event.key in ['Q', 'q'] and toggle_selector.RS.active:
       print ' RectangleSelector deactivated.'
       toggle_selector.RS.set_active(False)
    if event.key in ['A', 'a'] and not toggle_selector.RS.active:
       print ' RectangleSelector activated.'
       toggle_selector.RS.set_active(True)

def movetext(self):
     print 'clearing plot'
     text1.set_x(np.random.random(1))
     text1.set_y(np.random.random(1))
     plt.draw()


toggle_selector.RS = RectangleSelector(ax, onselect, drawtype='line')
plt.connect('key_press_event', toggle_selector)

buttonaxe = plt.axes([0.7, 0.05, 0.1, 0.1])
bbutton = Button(buttonaxe, 'movetext',color='0.85', hovercolor='0.95')
bbutton.on_clicked(movetext)

plt.show()

The button placed at the bottom works fine. But in the following example if i just put all the code inside a function called Plotter the button shows up in the plot but it is not working. No change when the mouse hovers above the button, and the connected function movetext is not executing.

from pylab import *
from matplotlib.widgets import  RectangleSelector
from matplotlib.widgets import Button
import numpy as np
import matplotlib.pylab as plt

fig = plt.figure()
ax = fig.add_subplot(111)


def Plotter():

    delta = 0.025
    x = np.arange(-3.0, 3.0, delta)
    y = np.arange(-2.0, 2.0, delta)
    X, Y = np.meshgrid(x, y)
    Z1 = bivariate_normal(X, Y, 1.0, 1.0, 0.0, 0.0)
    Z2 = bivariate_normal(X, Y, 1.5, 0.5, 1, 1)
    Z = (Z1 - Z2) * 10
    #Z1 = mlab.bivariate_normal(X, Y, 1.0, 1.0, 0.0, 0.0)
    plt.contourf(X, Y, Z)
    text1=plt.text(0, 0, 'ghghg',color='black',fontsize=14) 
    plt.text(1, 1, 'Calculation ',color='black',fontsize=14)
    plt.title('Average ')

    plt.xlabel('Longtitude ', fontsize=14, color='black')
    plt.ylabel('Latitude ', fontsize=14, color='black')
    plt.grid(True)

    def onselect(eclick, erelease):
         'eclick and erelease are matplotlib events at press and release'
         text1.set_text('Geo ')
         text1.set_x(eclick.xdata)
         text1.set_y(eclick.ydata)
         plt.draw()

    def toggle_selector(event):
        print ' Key pressed.'
        if event.key in ['Q', 'q'] and toggle_selector.RS.active:
           print ' RectangleSelector deactivated.'
           toggle_selector.RS.set_active(False)
        if event.key in ['A', 'a'] and not toggle_selector.RS.active:
           print ' RectangleSelector activated.'
           toggle_selector.RS.set_active(True)

    def movetext(self):
         print 'clearing plot'
         text1.set_x(np.random.random(1))
         text1.set_y(np.random.random(1))
         plt.draw()


    toggle_selector.RS = RectangleSelector(ax, onselect, drawtype='line')
    plt.connect('key_press_event', toggle_selector)

    buttonaxe = plt.axes([0.7, 0.05, 0.1, 0.1])
    bbutton = Button(buttonaxe, 'movetext',color='0.85', hovercolor='0.95')
    bbutton.on_clicked(movetext)
Plotter()    
plt.show()

Can someone explain this behaviour? What am i doing wrong?