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It's obviously a gamble but it'll at least let the party establishment brand a potential 2024 candidate like AOC as representing a failed experiment. Right now the progressives have the argument that they've never been given the chance. So give them that chance when they're least likely to succeed rather than further down the line, when things may well have shifted in the Dems favour and they therefore have far more to lose. Back the candidate who's closest ideologically to AOC as a way of reducing her credibility come 2024.
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