Who knows with that Saul Alinsky follower wife of his!?
Great analysis and brief background of the situation and motivation by John Hinderaker over at PowerLine blog:
"By the end of the Carter administration, the Democratic Party was discredited not only in foreign policy, but as a steward of the economy. The success of the Reagan administration, following upon Carter’s failure, seemed to assure the supremacy of free market principles.
"It took Bill Clinton to restore credibility to the Democrats, and to make it safe for businessmen to be Democrats again, by moving the Democrats back toward the center on economic issues. Clinton’s partnership with Robert Rubin made the Democrats the party of finance. For a time, it seemed that Democratic centrism on economic issues was not a mirage.
"But then the financial collapse struck and Barack Obama had the presidency essentially handed to him on a platter. It quickly became clear that troglodyte Democrats had never gone away; they had just been in eclipse [laboring and lying in wait?] for a while. Now in control of both Congress and the White House, Democrats who opposed free enterprise (but cloaked their antagonism toward free markets in anti-Wall Street rhetoric) became ascendant.
"Old-fashioned economic know-nothingism came, once again, to dominate the Democratic Party. The stagnation of the last three years has been one result."