Personally, I don't believe that she can become President.
She is far too polarizing.
New York is not representative of modern America.
Not the blue bits of NYS anyway. The red bits are :)
The $20 mil and any other fund raising efforts are just to make her look a regular candidate. She will have unlimited funds at her disposal when it counts from all around the world. The Clinton's have always had funds that seem to show up on the books after the election - a simple apology, a fine and all is forgiven. Hillary will win if she runs. The Repubs have both houses of Congress and the White House and are nearly powerless.
Look how close John Kerry came to winning -- just a few thousand votes in Ohio. The Republicans don't have a really well-known candidate who hasn't been through one or more messy divorces, had cancer or can unite the party. I like George Allen or Mitt Romney, but I'm afraid they might be Lazio-like in a national election, totally lacking the star-power of Hillary. I think Romney's being a Mormon will be a major drawback also. What other Republicans are there? Frist is too dull and I really believe that Condi means what she says about not being interested. Besides all the money Hillary will have, she will have the major media doing everything in their power to elect her. Condi would be the only one who might get some major media on her side. John McCain has no idea what they will do to him if he is the nominee. It won't be nice. Hillary winning is not a done deal, obviously, but dismissing her is foolish.