I'm not surprised that Clinton rejected the 69-59 proposal. If she's still trying to win, that doesn't help her in the slightest. Obama would gladly sacrifice 10 net delegates in order to take that problem off the table, take away an argument for the general, and look statesmanlike at the same time by willing to take on a handicap that he wouldn't be compelled to do so. For Clinton, though, it wouldn't help her with her delegate issues. It would make Obama look stronger with superdelegates without actually changing things in her favor.
So accepting a compromise like that isn't going to work for her. There's one additional problem though. She can't leave the vague situation out there either. Why not? Scheduling.
May 20 is going to be an important date. Obama will clinch the lead in pledged delegates that day and a large chunk of supers is likely to commit after that. It's quite possible that he'll hit 2025 right around there. And that's where Clinton has a problem.
Suppose Obama and Clinton don't come to a deal. At that point 2025 is the magic number. Obama will be called the presumptive nominee, people will pivot to the general election, and causal observers will say that it's over. The rules committee isn't going to meet for another 11 days.
After a week of Obama being called the nominee, does anyone believe that the committee is going to flip the result - and for Clinton to really stand a chance, nothing short of full seating of Michigan with Obama getting few if any of the uncommitted delegates will do - and take the nomination away from Obama?
Getting Michigan seated as is is her only remaining play, but the already incredibly unlikely chances of having that happen are reduced by the timing.
Clinton can't take a compromise but she also can't let it wait until the end of the month. This is why the math is so bleak for her.
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