Of course, Mr. Clinton will herald Mr. Obama at the convention. He is, after all, the ultimate Democratic player. But Bill Clinton has interests greater than Mr. Obama's re-election. If Mr. Obama wins, Democrats win. If he loses, Hillary Clinton will be well positioned to win the Democratic presidential nomination in 2016, though she has sworn she will not accept the nod. Still, look for the "Hillary in 2016" T-shirts in Charlotte.