Oh God, please let this be true. If so, this is some of the best news I've heard in weeks.
According to sources close to both campaigns, Hillary Clinton explicitly asked to be Obama's VP and Obama turned her down in no uncertain terms.
One of the scariest things imaginable to me during this campaign is that Hillary would somehow find a way to force herself onto the ticket. I won't go into the litany of reasons why this would be abhorrent but, thanks to this news, we needn't worry, according to Al Giordano at The Field:
The Field can now confirm, based on multiple sources, something that both campaigns publicly deny: that Senator Clinton has directly told Senator Obama that she wants to be his vice presidential nominee, and that Senator Obama politely but straightforwardly and irrevocably said "no." Obama is going to pick his own running mate based on his own criteria and vetting process.
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Update: According to Time:
What will Clinton’s terms of surrender turn out to be? Her husband, for one, seems to have a pretty clear idea what he thinks she should get as a consolation prize. In Bill Clinton’s view, she has earned nothing short of an offer to be Obama’s running mate, according to some who are close to the former President. Bill "is pushing real hard for this to happen," says a friend.