Obama warms up to big cash

At the emotional peak of his 2012 campaign, Barack Obama offered a familiar challenge to voters. "If you buy into the cynicism that the change we fought for isn't possible, well, change will not happen," he told the cheering throng at the Democratic Convention in Charlotte, N.C. "Other voices will fill the void: lobbyists and special interests, the people with the $10 million checks who are trying to buy this election."

As rhetoric, it was nothing new. Obama has always cast himself as a people-powered politician fighting to wrest control from high-dollar donors playing an inside game. And his words fit...

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