Putting A Stop To Fast Track And TPP

About time:

You see, ever since Ronald Reagan’s election in 1980, Democrats have been on the ideological defensive. Even when they won elections they seemed afraid to endorse clearly progressive positions, eager to demonstrate their centrism by supporting policies like cuts to Social Security that their base hated. But that era appears to be over. Why?

...On one side, the success of Obamacare and related policies — millions covered for substantially less than expected, surprisingly effective cost control for Medicare — have helped to inoculate the party against blanket assertions that government programs never work. And on the other side, the Davos Democrats who used to be a powerful force arguing against progressive policies have lost much of their credibility.

...Such people have influence in part because of their campaign contributions, but also because of the belief that they really know how the world works.

As it turns out, however, they don’t. In the 1990s the purported wise men blithely assured us that we had nothing to fear from financial deregulation; we did. After crisis struck, thanks in large part to that very deregulation, they warned us that we should be very afraid of bond investors, who would punish America for its budget deficits; they didn’t. So why believe them when they insist that we must approve an unpopular trade deal?

And this loss of credibility means that if Mrs. Clinton makes it to the White House she’ll govern very differently from the way her husband did in the 1990s.