I would agree with your assessment, but for one overriding point: we’re dealing with the American electorate here.
While her “trial” in the court of public opinion will rage on for a couple more months, once the DOJ declination on indictment is announced, the public will view that as vindication and her approval levels will rise significantly as more voters come to regard her as a “survivor.”
Obama may be looking at a lose-lose, but his much greater loss would come if Hillary were indicted and began to implicate other members of the administration (and there are many) in an attempt to keep herself out of hot water. The current outrage, while heated at the moment, will dissipate as Americans resign themselves to the fact Hillary isn’t going away.
Obama — whose brain is wired to think of everything in political terms — has very likely weighed the pros and cons of whether to indict Hillary. As one whose primary objective is to keep his a** out of trouble in his final year, he will have AG Lynch delay any announcement of the non-indictment until the next manufactured crisis and quietly release the decision during a Friday night data dump.
The best evidence of all this is what I mentioned earlier... George Soros has poured $8 million into PACs supporting Hillary. There is no chance he would be parting with that kind of money on a candidate with even the slightest chance of dropping out due to criminal prosecution.
Much as we want her to fact justice, this simply isn’t going to happen. The most that will occur is some token criminal charge against a low-level underling. Our legal system is far too corrupt now for Hillary or her ilk to face the music.
fact=face