If Shrillary takes her testicles back from President Obama (they were loaned out evidently), she might reconsider her claim that her last public job is serving as Secretary of State and possibly, then, she could run against him.
She and Bubba know (as do we all) that he's a one-termer. He's ripe for the picking. Shrillary and Billary have enough political savvy to realize that the Republican nominee will win the White House if the Dems re-nominate President Obama. That leaves only the final calculation which is the key, naturally:
If Shrillary runs and knocks off the incumbent, can she follow it up with an Electoral win in November 2012? If team Clinton considers that prospect sufficiently "do-able," she would run. IF she suspects that she can't seize the Dim nomination OR that she would not be likely to win the General Dejection, then she will not run in 2012 and her political career will probably draw to a close.
Any idea who might take the WH away from Obama? Fred running again?