Graceful exit, waiting your turn => McCain's second chance
Divisive and negative prolonged exit => Voter fatigue and negative associations
From Clinton's perspective, it seems like a losing battle with little reason to continue, except to decimate chances for next time, if it turns too ugly. Now people say that it's better for Obama to face a battle against Clinton and survive -- following the theory of whatever doesn't 'kill' you, makes you stronger -- than to face McCain and the ruthless Republican machine. Perhaps there is some truth to that.
I don't see McCain's machine being as cynically political and dirty as W's, but you never know with the Republicans.
It is, of course, an unfair comparison of the Republican battle of Bush/McCain versus Obama/Clinton, because the Republican primaries are mostly winner takes all. Second place candidates can't survive long that way.
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