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I think it is a pretty shrewd political move for her political survival. Given her low level of popularity and support among Dems, Rep. Ruben Gallego has been angling to primary her in 2024 and would have almost certainly defeated her. With this move, it seems like she is going to run as an independent and dare someone like Gallego to run as a Democrat, which will almost certainly lead to a Republican winning OR the Dems can clear the field in order to invite her to run on their ticket in order to give them a chance. And she will then have had a chance to fashion herself as above bipartisan politics and beholden to no party and probably be more attractive to the 'Mavericky' group of voters in Arizona.
Not the best thing for the party, but the best thing for Sinema and her survival.
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