Clip: Obama's Long Tail Money

Clip: Obama's Long Tail Money:

Obama collected more than $1 million a day in January -- largely thanks to small online donors -- bringing his total to $138.2 million. These numbers have been reported, so they're not news. But what do they mean? Think about it. We could have, for the first time, a President who arrives in the White House with essentially no outstanding IOU's.

The political impact of this simply can't be overstated.

Obama will arrive without any need to curry favor with Big Oil, Big Media, Labor, or any of the other significant fundraisers who have historically helped to propel candidates into office and then showed up to collect on their investments. No doubt Obama won't be in any position to act unilaterally, there's a Congress to consider, and certainly those elected officials need to be concerned about keeping their caufers full for the next election.

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