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Chicago hopes Obama's re-election will pay off

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Obama's presidency is already starting to pay off for the city. David Axelrod, the senior strategist for the president's re-election campaign, is heading a new Institute of Politics at the University of Chicago. Besides having what Axelrod calls a "robust internship program," the institute will bring in high profile speakers.

"I have a pretty good Rolodex," joked Axelrod.

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