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I personally figure she would loose horribly due to conservative/Moderates/conservative dem's rallying to the polls.
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i'm sure the nation has swung more conservative post 9/11, but remember that a majority of people didn't vote for bush, so there really isn't a conservative mandate in this country. The Congressional election certainly showed a bit more of a conservative swing, but still the senate is sharply divided.
Bill Clinton really wasn't that liberal, he was quite moderate in his policies. Remember, he passed welfare reform, which no true liberal ever would have done.
Bill Clinton is still well liked despite his past problems, and Hillary's book tour has been pretty popular.
So, to answer your question: Do I think Hillary could make a legit run for president? Yes. I think she could win.
Would I vote for her? At this point, I'd have to say no. She and Bill just have too much of a cloud around them. It would depend on who the republicans offered up though. If it was Hillary versus the George Bush of today, I would vote for Hillary, mainly because of John Ashcroft. If it was a stronger republican candidate, I'm not sure.