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At high-dollar fundraiser in LA, with Will Smith and Magic Johnson in crowd, Obama tells donors 2012 "will not be as sexy as" 2008 — he "didn't have any gray hair" then.
Promises donors new mortgage refinancing program will give people more money to "shop, go to Will's movies."
Turns serious: "Obviously in Washington, the politics that I think people are hoping for is not what they’re getting. It's still dysfunctional. It’s still perversely partisan."
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