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But even at this early date, the big money isn’t necessarily impressing the folks in Iowa where Mr. Edwards has the edge in most polls.

Mr. Grossman, a Massachusetts businessman, supports Hillary and believes she will be the party’s nominee. Nevertheless, he “would not rule out somebody else catching fire and creating a surprise” in next January’s first four contests.

The reason for this added caveat: The last presidential candidate he backed was Howard Dean.

Donald Lambro, chief political correspondent of The Washington Times, is a nationally syndicated columnist.