Source: CNN

Mitt Romney and President Obama’s good-natured exchange of jokes at the 2012 Alfred E. Smith Memorial Foundation dinner Thursday night renewed a fine American tradition of applying the balm of laughter to the bitterness of politics.

Every year, a tuxedo-clad cross-section of the nation’s political and economic elites gather at the swank Waldorf-Astoria hotel, paying top dollar to raise money for the local charitable work of the Catholic Church.

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