Personally I don’t think Hillary can realistically expect to regain the nomination. That would split the Democratic Party so badly there could be riots in Denver. It’s more likely that she’ll use her tame rebels to pry the vice-Presidential nomination from Obama. BHO, for his part, must be calculating whether he can afford to have her — the ultimate loose cannon and rival for authority — aboard the good ship Change.

By running to his Left, Hillary is keeping Barack from wooing centrist voters from McCain. Simply by threatening her rebellion Hillary is locking BHO into a an unmaneuverable course almost like the battleship Bismarck in its final hours.