George Stephanopoulos says Hillary is negotiating the Vice Presidential spot:

ABC's chief Washington correspondent George Stephanopoulos told Charles Gibson on "World News" that Clinton is staying in the race to negotiate a spot on the Democratic ticket in November.

What I'm wondering is why she would want the job that Vice President Garner famously said isn't worth a bucket of warm spit.

And why would Bubba be content to accept being the first second laddie?

Well, for starters, the famed Garner quote is wrong. He actually called it a bucket of warm piss. And in terms of prestige and publicity, the job is more important than it was in Garner's days.

Plus it's more, um, lucrative:

It took the invention of television for politicians to realize that the Vice-Presidency was worth a great deal more than what John Nance Garner, the first of F.D.R.'s three No. 2s, is famously said to have compared it to, "a bucket of warm spit." (Famously but incorrectly: Garner said a bucket of warm piss, which, though unquotable in the family newspapers of his day, makes more sense from the heat-retention angle.) The Vice-Presidency is a much, much better job than it was in the old days. Back then, you drowsed through endless sessions of the Senate, lived in a flyspecked boarding house on a muddy street, and nursed your resentments. Now you get a mansion, a staff, and a plane worthy of a Saudi arms merchant. And, if you like undisclosed locations, no longer have detectable Presidential ambitions of your own, and serve a callow President so in thrall to you that when you headed his Vice-Presidential search committee you felt free to find yourself, you can end up achieving total world domination.

Did Dick Cheney expand the role of the vice presidency to include world domination?

Whether he did or not, I'm wondering whether the Clintons might see it as a precedent for further, um, expansionism?

Sounds like a job for two.

MORE: I'm not sure how this will affect Hillary's plan to put Rush Limbaugh on the ticket out of gratitude for Operation Chaos.

They might make him Secretary of State, I suppose.

UPDATE: Steve Kornacki argues that Obama does not need Hillary on the ticket, and analogizes to Reagan (among others):

Reagan was 65 in 1976, and he knew that he'd get one final shot at the presidency in 1980, whether Ford won or lost (the 22nd Amendment would have kept Ford from running again). But Reagan also knew that causing any trouble for Ford in the fall of '76, and thus being blamed for electing Carter, would do his long-term ambition no good.

For his own good, Ronald Reagan didn't make a fuss about not being on the ticket. For her own good, Hillary Clinton probably won't either.