Hillary Clinton as the 2016 Democratic nominee?

From James Fallows' column at The Atlantic:

Let's assume [Obama] wins re-election. I don't think anybody sees Joe Biden, who will by then be 74 as a future President. The Democrats have four years to find and develop a rising star. Who is on the horizon now? I would have to say that on November 7 Hillary would be the odds-on favorite to be the next nominee. She'll likely step down after this term and that will give her four years to catch up on her rest, make another fortune on the private side, burnish her reputation further with Bill's Foundation, and raise a war chest for the election.

She would seem nearly unbeatable. Even now she is one of the few Democrats who seems unassailable. Sarah Palin and Michelle Bachmann are able to reference her admirably and get applause. They see it as a dig at the President, but he has the last laugh. After they mixed it up, he chose her for the biggest job she's ever had. And he did her the greatest favor imaginable. Rather than spending the last four years in the morass of the Senate, she has been out getting things done in a place where Republicans can't obstruct her.