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The headline comes from a Common Cause talking point for many years when they promoted public financing. What is really going on here is that Obama owes no special debt to fat cats. So ideas which lead to policies will rise and fall based on their own merits. Yes, Obama gets to decide what is possible. But that is better than most previous presidents who had to deal with the fat cats who could twist his arm.
Instead of presenting this as an un-American vice, I believe it is the dawn of previously unknown American virtue.