What went wrong.

I think this part is very perceptive:

The Clinton campaign failed to recognize the allure of Obama's "new kind of politics." Universally, the American people voiced cynicism about Washington politics and the current state of affairs. Among independents from all across the spectrum, the one thing they all share is enough frustration with the party system to decline to state an allegiance. For Obama to be successful in winning the nomination on a "new kind of politics," he would have to paint Clinton as a representation of the politics of old. She should have anticipated this, and been cognizant not to showcase herself as the embodiment of a distasteful political system. And yet, over and over again, she made tactical decisions that solidified his narrative.

She chose to accept lobbyist money at a time when her victory was being cast as so assured, that it remained unclear why she needed it. In South Carolina, she and her husband injected race into the campaign. What was so distasteful was not that the Clintons were racist. On the contrary, it was that they weren't racist, but were perfectly willing to meddle with race if there was a chance it would translate into political currency. So started the Obama message that Hillary "will do anything" to win. And it resonated.

Before this, I wasn't all that anti-Hillary.