Clinton’s near ten point victory means these things, in my opinion: 1. She is staying in ’till the convention; 2. An awkward feeling has settled in on the Democrats that she has a right to because she is tough, and this is combined; 3. With the sense that Obama is much more fragile as a candidate than we have thought; 4. This is connected with the sense mentioned by Peter Lawler that Obama has gone from inspirational to boring. The problem with being inspiring is that you need to keep it up, and if you can’t, and if there is nothing else in your arsenal but inspiration, you become dull; 5. The massive fact that Hillary is able to get the core constituencies in the party (save African-Americans) suggests strongly that Obama cannot beat McCain.
This uncertainty about Obama might be overcome by victories in Indiana and North Carolina, but it might not. It is possible that the gnawing feeling about him will settle in and winning late primaries in Oregon and New Mexico will not overcome it, and then it will come down to a knife fight in Denver over superdelegates. And who will bet against a Clinton in a knife fight?