Ah! Ticket speculation, how we’ve missed you! Or not, as the case may be. According to Bob Woodward Hillary Clinton could be drafted in to replace Joe Biden on the Democratic ticket in 2012. (Biden would be moved to Secretary of State, apparently). The Stenographic Sage muses that “It’s on the table”.
I’m going to guess that a) it’s not actually on the table and b) even if it were on the table it won’t be picked up.
Why?
Because putting Hillary on the ticket would be an admission of failure and, should Obama be re-elected, leave him weak and in many ways less powerful than his Vice-President. The entire second-term would be viewed in terms of positioning Hillary for her own run at the Presidency in 2016 (by which time she would be 69). That’s not a good thing for Obama.

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