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Hillary Clinton's clearly qualified, and Obama's a strong enough personality to make clear who's in charge. She's not going to "go rogue," to use an over-used buzzphrase.
And as far Clinton re-treads go...where exactly will the President-elect draw experienced hands from to serve in a Democratic White House? Ask Bill Clinton or Jimmy Carter how well having a completely green team worked for them. I want to see Obama cultivate new blood, but he's correctly assessed that he needs to hit the ground running, and for that he needs people who have been down this road before.