Not quite, but increasingly, yes:
In part, the business community's early influence reflects its status as a constituency Democrats can't afford to ignore. As party candidates prepare for the 2008 election, in which they hope to hold and extend their congressional majorities and also take over the White House, they will need substantial business support in the form of campaign contributions.Other than that paragraph the newsworthy story is in between the lines. In typical fashion, the LA Times goes on to say how the Democrats are "open" to discussion, in stark contrast to the Republicans.
Interest groups supporting the Democrats have in recent decades largely consisted of environmentalists, unions, trial lawyers, and minority-rights groups. They've just added one more to the fundraising pile: business. Clever.