He doesn't like the senator's chances. From JWR:
I believe that, if he is the Democratic candidate for president, Senator Obama will lose in November. There are many people in the Democratic Party and its leadership who feel that way. They are told that, nevertheless, the party must accept Obama even if he arrives at the convention with fewer committed delegates than needed to win the nomination. They say that to deprive him of victory under all of these circumstances would so enrage his supporters that they would either stay home in November or cross party lines and vote for Senator John McCain.
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