I speculated about this earlier today, and Marc Ambinder has some thoughts today.

Here’s the one I think is the most prescient:

6. The CW in Washington is that Obama wants Clinton in his cabinet more than Clinton wants to be in the cabinet, the theory being that the moment she steps into the administration, she loses her power base, she loses her Senate seat forever, and she loses her voice on domestic policy. She concedes her political identity.

Keep your friends close and your “friends” closer. 🙂

Politics Why Hillary For Secretary Of State?