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It's over, and it's been over for a while. Any victory that Clinton could possibly pull out at this point would be hollow. If she were to somehow convince the party movers-n-shakers that she should be The Candidate, i think she would alienate so many African-American Obama voters that she would lose the general election anyway. She's done.
Having said that, i disagree with the fundamental premise of the original post. I don't think Clinton is more "electable" than Obama. Like Bill and the people who ran her campaign, she tends to concede to Republicans. (Iraq, Iran...) She's more of a triangulator than a fighter. Unfortunately for her, i think that strategy is less viable now than it was in the mid-'90s. It shouldn't take that much courage or brains to disagree with Bush on Debacle II: Iran. In my opinion, Obama's willingness to confront Republicans makes him more electable.
In any case, we shall see.
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